Regulatory Alerts2010-02-15
Instruction No. 2010-05 of February 15, 2010 on Own Funds Requirements for Payment Institutions (Repealed)
The Banking Commission issued Instruction No. 2010-05 to establish the specific own funds requirements and reporting obligations for payment institutions in France. The directive mandates that institutions calculate minimum capital using one of three methods based on fixed overheads, payment volumes, or specific indicators, while hybrid institutions must apply these rules solely to their payment service activities. It further standardizes the submission of solvency and risk data through defined electronic formats and reporting frequencies to ensure regulatory compliance.
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