Regulatory Alerts2026-04-24
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E-Money Act 2010
This Austrian Federal Act, the E-Money Act 2010, regulates the issuance of electronic money and the establishment, operation, and supervision of electronic money institutions. It defines electronic money, specifies authorized issuers, and details the licensing process by the FMA, including requirements for initial capital, safeguarding customer funds, and organizational structure. The Act also outlines permissible ancillary activities for electronic money institutions, such as payment services and credit granting, and establishes supervisory measures to ensure orderly operations and financial stability.