Prohibition on operating as an electronic money institution without authorisation

Related laws and regulations

Art. 2:10a Wft
(Refers to an external site)

Factsheet

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If you do not hold an authorisation issued by DNB, you are not permitted to operate as a electronic money institution pursuant to Section 2:10a of the Financial Supervision Act, unless you qualify for the Exemption Regulation .

Published: 16 May 2013

DNB pursues a policy of active enforcement and perform checks at regular intervals. If you provide electronic money services without authorisation or exemption issued by DNB and you have not been excepted from the authorisation requirement, we can take several enforcement measures, including issuing cease and desist orders and imposing administrative fines.

Economic offence

Non-compliance with the Financial Supervision Act constitutes a criminal offence under the Economic Offences Act, which we may report to the public prosecutor's office.

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

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Related laws and regulations

Art. 2:10a Wft
(Refers to an external site)

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