Instruction No. 2014-I-02 of March 3, 2014 on the Implementation of the Unified Financial Reporting System for Electronic Money Institutions

Prudential Control and Resolution Authority Instruction No. 2014-I-02 on the Implementation of the Unified Financial Reporting System for Electronic Money Institutions

The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, particularly Articles L. 525-1, L. 526-1, L. 526-3, and L. 526-24; Having regard to Ordinance No. 2005-1516 of December 8, 2005, relating to electronic exchanges between users and administrative authorities and between administrative authorities; Having regard to the Order of May 2, 2013, from the Ministry of Economy, Industry and Employment concerning the prudential regulation of electronic money institutions; Having regard to Accounting Standards Authority (ANC) Regulation No. 2013-01 of October 30, 2013, relating to the methods for preparing accounts of electronic money institutions; Having regard to Instruction No. 93-01 of January 29, 1993, as amended, relating to the transmission to the Prudential Control and Resolution Authority of annual accounts, prudential documents, and various information; Having regard to Instruction No. 2009-01 of June 19, 2009, as amended, relating to the implementation of the unified financial reporting system; Having regard to the opinion of the Prudential Affairs Advisory Commission dated September 25, 2013; Decides:

Article 1 • The following are hereinafter referred to as "subject institutions": electronic money institutions as defined in Articles L. 526-1 et seq. of the Monetary and Financial Code. • The following are hereinafter referred to as "hybrid electronic money institutions": those subject institutions that habitually carry out an activity other than the issuance and management of electronic money or other than the operations mentioned in Article L. 526-2 of the Monetary and Financial Code, in accordance with Article L. 526-3 of the aforementioned code. • The following are hereinafter referred to as "light-regime electronic money institutions": those subject institutions whose commercial activities as a whole generate an average of electronic money in circulation below an amount fixed by decree in accordance with Article L. 526-19 of the Monetary and Financial Code.

Instruction No. 2014-I-02 on the Implementation of the Unified Financial Reporting System for Electronic Money Institutions Prudential Control and Resolution Authority 2

Article 2 Subject institutions transmit to the Prudential Control and Resolution Authority the tables forming part of the Unified Financial Reporting System – SURFI – relating to the activity blocks defined in Article 6 of Instruction No. 2009-01 of June 19, 2009, and in accordance with the provisions set out in this Instruction and the technical documentation published by the General Secretariat of the Prudential Control and Resolution Authority. Subject institutions are thus required to systematically submit, regardless of activity thresholds, the tables listed under the "common baseline" for submission. In addition, each institution is required to send to the Prudential Control and Resolution Authority all tables relating to a given activity block as soon as it exceeds the activity threshold(s) defined for each of them. The definition and calculation methods for these activity thresholds are presented in Annex 1 to Instruction No. 2009-01. The formats of the tables are presented in Annex 2 to the amended Instruction No. 2009-01. Their frequency and submission deadlines are indicated in Annex 3 to the same Instruction.

Article 3 Subject institutions also submit, according to the modalities applicable to each of them, the SURFI tables: RESU_PUBL and IMPLANTAT, defined in Article 7 of Instruction No. 2009-01. The formats of the tables as well as their frequency and submission rules are respectively presented and indicated in Annexes 4 and 5 to Instruction No. 2009-01.

Article 4 Subject institutions submit a CANTO_EME table as presented in Annex 1 to this Instruction. This table is submitted on a quarterly basis within a period of 25 calendar days based on figures finalized on March 31, June 30, September 30, and December 31.

Article 5 Subject institutions submit a VOLUM_EME table as presented in Annex 2 to this Instruction. Electronic money institutions that offer payment services also submit a VOLUME_EP table. The format of this table is presented in the Annex to Instruction No. 2013-I-11 amending Instruction No. 2010-06 relating to the implementation of the unified financial reporting system for payment institutions. The tables are completed monthly based on figures established on the last day of each month. Subject institutions send to the General Secretariat of the Prudential Control and Resolution Authority the completed table for each of the last three months, no later than the 25th day of the month following the end of the civil quarter.

Instruction No. 2014-I-02 on the Implementation of the Unified Financial Reporting System for Electronic Money Institutions Prudential Control and Resolution Authority 3

Article 6 Hybrid electronic money institutions calculate the activity thresholds mentioned in Article 2 of this Instruction and submit the tables mentioned in Articles 2, 3, 4, and 5 of this Instruction for the scope of activities related to the issuance and management of electronic money, the provision of payment services, and operational or closely linked services to the issuance and management of electronic money mentioned in Article L. 526-2. This scope must be identical to that retained in the annex of the accounts published by the hybrid electronic money institution in accordance with Article 3 of ANC Regulation No. 2013-01.

Article 7 Light-regime electronic money institutions calculate the activity thresholds mentioned in Article 2 of this Instruction and submit the tables mentioned in Articles 2, 3, 4, and 5 of this Instruction.

Article 8 SURFI tables are completed in euros and sent to the General Secretariat of the Prudential Control and Resolution Authority by electronic transmission in XML-XBRL format according to the technical specifications necessary for their processing as defined by the General Secretariat of the Prudential Control and Resolution Authority. They must bear an electronic signature. However, by exception to the preceding paragraph, subject institutions declare the information listed in Articles 4 and 5 of this Instruction on authenticated paper support signed by an authorized person, and in this case, complete this paper submission by the electronic transmission of data in "xls" file format until the deadline of December 31, 2014.

Article 9 This Instruction enters into force upon its publication. Paris, March 3, 2014 The President of the Prudential Control and Resolution Authority, [Christian NOYER]

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Annex 1 CANTO_EME Table CANTO_EME Earmarking of customer funds of electronic money institutions Activity All Zones Currency All Currencies Scope Social

A EARMARKING FOR ELECTRONIC MONEY Amounts

1 I - DETERMINATION OF THE AMOUNT OF CUSTOMER FUNDS TO BE EARMARKED 1.1 A. Amounts received from electronic money users 1.1.1 Non-financial clients 1.1.2 UCITS 1.1.3 Other clients 1.2 B. Amounts received through other electronic money service providers 1.2.1 Non-financial clients 1.2.2 UCITS 1.2.3 Other clients 1.3 C. Additions to be made 1.3.1 Sums due to clients and not yet credited (pending posting) 1.4 Amount to be earmarked (D = A + B + C) 2. II - ELIGIBLE ASSETS FOR EARMARKING (at market value) 2.1 E - Sums deposited in a current account with credit institutions approved in a Member State of the European Community or part of the EEA 2.2 F. Sums invested in a qualified money market fund 2.3 Amount of eligible assets (G = E + F) 3 FUNDS COVERED BY AN INSURANCE CONTRACT OR OTHER COMPARABLE GUARANTEE (answer yes or no) If YES, amount of funds covered by the insurance policy

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B EARMARKING FOR PAYMENT SERVICES 4 I - DETERMINATION OF THE AMOUNT OF CUSTOMER FUNDS TO BE EARMARKED 4.1 A. Amounts received from users of payment services 4.1.1 Non-financial clients 4.1.2 UCITS 4.1.3 Other clients 4.2 B. Amounts received through other payment service providers 4.2.1 Non-financial clients 4.2.2 UCITS 4.2.3 Other clients 4.3 C. Additions to be made 4.3.1 Sums due to clients and not yet credited (pending posting) 4.4 Amount to be earmarked (D = A + B + C) 5. II - ELIGIBLE ASSETS FOR EARMARKING (at market value) 5.1 E - Sums deposited in a current account with credit institutions approved in a Member State of the European Community or part of the EEA 5.2 F. Sums invested in a qualified money market fund 5.3 Amount of eligible assets (G = E + F) 6 FUNDS COVERED BY AN INSURANCE CONTRACT OR OTHER COMPARABLE GUARANTEE (answer yes or no) If YES, amount of funds covered by the insurance policy

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Annex 2 VOLUM_EME Table VOLUM_EME Breakdown of electronic money Activity All Zones Currency All Currencies Scope Social

M M-1 M-2 1 New Production

1.1 Amount of Electronic Money Issued

1.2 Number of Electronic Money Issued Operations

2 Outstanding Electronic Money