Regulatory Alerts2022-03-18
Added · Updated
Processing Times for Electronic Money Institution Authorisation Applications
De Nederlandsche Bank establishes that the statutory consideration period for electronic money institution authorisation is three months, commencing only upon receipt of a complete application. Processing often exceeds this timeframe due to requests for supplementary information, which suspends the clock until provided. Applications of higher quality and completeness are processed more rapidly, while failure to respond to information requests may result in the cessation of consideration.