Regulatory Alerts2023-07-12
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.
Factsheet
Read aloud
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 .
Payment services agent
Branch
Branch – Information to be provided for notification
Discover related articles
Factsheet
Market access
Share:
Share on LinkedIn
Share on X
Share on Facebook
Share via Email
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.