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ID 1050. Issuance and redeemability Back

Relevant provisions
General question on Directive 2009/110/EC

Question
I am trying to find how many e-money licence holders there are in the EU. The link on the web page to national public registers of electronic money institutions is not live. Do you have a list please?


Answer
The  European Commission does not dispose of the figures requested, as the Member States are not obliged to notify these figures to the European Commission. The numbers can, however, be accessed via the Member States' public registers, which the Member States have had to establish in line with Article 3(1) of the new Electronic Money Directive (EMD - Directive 2009/110/EC of 16 September 2009 ), in connection with Article 13 of the Payment Services Directive (PSD - Directive 2007/64/EC of 13 November 2007). The national registers shall list, amongst others, authorised electronic money institutions, next to legal persons benefiting from the waiver under Article 9 of the EMD. These registers must be publicly available for consultation, accessible online, and updated on a regular basis. It should, however, be noted that not all Member States have implemented the EMD yet as the implementation deadline only elapsed at the end of April 2011. The Commission considers adding links to the national registers on its website in the future, in the same way it has done for the payment services.

Date
Submitted on 16/06/2011