Regulatory Alerts2017-02-24
Added · Updated
Electronic money institutions having their registered offices in other member states
Non-resident electronic money institutions must complete the notification procedure with their home member state's supervisory authority before operating in the Netherlands under the European passport. These institutions are prohibited from issuing electronic money via an agent but are permitted to provide services through an authorized agent, provided they hold authorization from their home supervisory authority. Compliance with Dutch laws and regulations is mandatory for all such entities.