Regulatory Alerts2025-06-10
Act on Payment Services
The Danish Ministry of Industry and Financial Supervisory Authority issued the Act on Payment Services to implement EU directives governing electronic money issuers and payment service providers. The legislation establishes licensing requirements, defines key terms, and outlines exemptions for specific low-value or specialized transactions. It mandates strict compliance standards, including capital requirements, fit-and-proper tests for management, and robust anti-money laundering procedures for all authorized entities.
Share