RegAlert2023-07-12
Added · Updated
Payment institutions: Cross-border services
Payment institutions established in the Netherlands must submit a passport notification via MijnDNB to offer services in another Member State without a local establishment. The notification must comply with section 42a(a) of the Decree on Market Access of Financial Undertakings, and DNB reserves the right to request additional information. Processing takes up to three months, and services may only be offered once the institution and activities are entered in DNB’s registers.
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Factsheet
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A payment institution may, from the Netherlands, offer services in another Member State without having any establishment in that Member State. This is known as the provision of cross-border services. A notification to DNB of the payment institution’s intention to provide cross-border services must meet the requirements set in section 42a(a) of the Decree on Market Access of Financial Undertakings (Besluit Markttoegang financiële ondernemingen) and must be submitted using the notification form.
Published: 12 July 2023
The institution must submit the passport notification form via MijnDNB. Upon receipt, DNB will start processing the notification, subject to the statutory processing period of up to three months. The institution may only offer the relevant services once it and the notified activities have been entered in DNB’s registers . DNB reserves the right to request additional information and/or further clarification regarding the information provided at any time. Specific questions regarding notifications may be mailed to infobetaalinstelling@dnb.nl .
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Branch – Information to be provided for notification
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Source: De Nederlandsche Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works