Regulatory Alerts2014-06-02
Instruction No. 2014-I-05 of June 2, 2014, on Information to be Communicated Under Article 47 of the May 2, 2013 Decree on Prudential Regulation of Electronic Money Institutions
The Prudential Control and Resolution Authority (ACPR) issued this instruction to define the notification requirements for electronic money institutions wishing to provide undeclared payment services or ancillary credit services. Affected institutions must submit the prescribed annex form, duly completed and signed, to the ACPR General Secretariat via the designated online portal at least three months prior to commencing these services. This regulatory framework, originally established in 2014 and subsequently amended in 2019, 2021, and 2024, ensures compliance with the Monetary and Financial Code regarding prudential oversight.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2014-I-05 of June 2, 2014 on Information to be Communicated Under Article 47 of the Decree of May 2, 2013 on the Prudential Regulation of Electronic Money Institutions modified by Instructions No. 2019-I-19 of April 23, 2019, No. 2021-I-08 of October 6, 2021, and No. 2024-I-13 of October 24, 2024
The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, particularly Articles L. 526-2 and L. 612-24; Having regard to the Decree of May 2, 2013 on the Prudential Regulation of Electronic Money Institutions, particularly Article 47; Having regard to the Decree of October 29, 2009 on the Prudential Regulation of Payment Institutions; Having regard to the opinion of the Prudential Affairs Consultative Committee of May 22, 2014, DECIDES
Article 1: This Instruction applies to electronic money institutions as defined in Article L. 526-1 of the Monetary and Financial Code, hereinafter referred to as "subject institutions."
Article 2: When a subject institution wishes to provide, without having previously declared them, the payment services mentioned in point 1° of Article L. 526-2 of the Monetary and Financial Code or the ancillary credit granting service mentioned in point 2° of the same Article, it shall transmit the annex to this Instruction to the General Secretariat of the Prudential Control and Resolution Authority. This communication must be made three months before the commencement of the provision of services.
Article 3: The form and supplementary documents, duly completed and signed, must be sent in electronic format to the Prudential Control and Resolution Authority by uploading them to the portal accessible at the following address: https://acpr-portail.banque-france.fr.
Article 4: This Instruction enters into force upon its publication.
Paris, June 2, 2014 The President of the Prudential Control and Resolution Authority, Christian NOYER