Legislation and regulations governing market access for electronic money institutions

Factsheet

Read aloud

This page provides an overview of the legislation governing market access for electronic money institutions, as well as the accompanying guidance that DNB has prepared.

Published: 18 March 2022

Relevant sections of the law for applications for authorisation as an electronic money institution

Guidance to the relevant legislation:

Guidance to the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en het financieren van terrorisme - Wwft) and the Sanctions Act (Sanctiewet)

User guide to developing an effective systematic integrity risk analysis (SIRA)

Financial Supervision Act

Supervision of electronic money institutions and their market access in the Netherlands is governed by the Financial Supervision Act. The Financial Supervision Act also stipulates that electronic money institutions must have been granted authorisation to pursue the business of an electronic money institution. The authorisation requirement and the supervision of electronic money institutions are based on the European Electronic Money Directive (2009/110/EC). DNB is responsible for issuing authorisations and exercising prudential supervision of electronic money institutions. The Netherlands Authority for the Financial Markets is responsible for supervision of market conduct.

General information

What is an electronic money institution?

Services not requiring authorisation

Exemption from the authorisation requirement

Applying for authorisation

Application form and notes

Application process (10 steps)

How long will it take to consider my application for authorisation?

Application fees

How to apply successfully

Background information

PSD2

Prohibition on operating as an electronic money institution without authorisation

Public register

Electronic money institutions having their registered offices in other member states

Legislation and regulations governing market access for electronic money institutions

Discover related articles

Factsheet

Market access

Electronic money institutions

Share:

Share on LinkedIn

Share on X

Share on Facebook

Share via Email

Interesting articles

Fine for CCV Group B.V. for lack of SIRA

21 July 2026

Enforcement measures

De Nederlandsche Bank (DNB) discloses its decision of 9 July 2020 to impose an administrative fine on CCV Group B.V. (CCV). DNB also discloses its decisions on CCV’s objection of 13 April 2022 and CCV’s subsequent appeal and higher appeal.

Read more Fine for CCV Group B.V. for lack of SIRA

Enforcement measures

21 July 2026

Administrative fine imposed on CCV for inadequate customer due diligence

13 July 2026

Enforcement measures

De Nederlandsche Bank (DNB) imposed an administrative fine of €2.65 million on payment institution CCV Netherlands B.V. (CCV). We have imposed the fine because CCV failed to adequately and continuously monitor transactions.

Read more Administrative fine imposed on CCV for inadequate customer due diligence

Enforcement measures

13 July 2026

De Nederlandsche Bank publishes ‘Integrity Supervision in Focus 2026’

25 June 2026

News item supervision

In the third edition of ‘Integrity Supervision in Focus’ (ISF), we share the key insights from our integrity supervision.

Read more De Nederlandsche Bank publishes ‘Integrity Supervision in Focus 2026’

News item supervision

25 June 2026

DNB email on technical adjustments

25 June 2026

News item supervision

This week, you may receive an email from De Nederlandsche Bank (DNB). This email concerns technical adjustments required to continue corresponding with DNB by email.

Read more DNB email on technical adjustments

News item supervision

25 June 2026

Necessary cookies

To ensure the proper operation of the website, De Nederlandsche Bank (DNB) uses functional cookies and analytics cookies, and has taken measures to ensure that these cookies have little or no impact on the privacy of website users.

Optional cookies

Some pages include embedded content from external websites. These websites may use proprietary (tracking) cookies. This allows third parties to track visitor statistics, show personalised content and display targeted ads, for example.

You can make your choice about allowing these optional cookies both when you first visit the website and when you navigate to a page with embedded content.