Regulatory Alerts2019-04-23
Instruction No. 2019-I-16 of April 23, 2019 amending Instruction No. 2013-I-09 of July 12, 2013 regarding forms for approval, agent declaration, and notification of freedom of establishment and services for electronic money institutions
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2019-I-16 to update the regulatory framework for electronic money institutions operating within the European Economic Area. The instruction replaces Annexes 1 through 7 of the original 2013 instruction and modifies Article 9 to mandate the electronic submission of approval requests and related documents via the ACPR's 'Autorisations' portal. This regulatory update entered into force on May 1, 2019, following consultation with the Prudential Affairs and Anti-Money Laundering committees.
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