Regulatory Alerts2018-08-08
Added · Updated
Royal Decree of 30 July 2018 approving the Regulation of the National Bank of Belgium of 26 June 2018 concerning the administrative file for the registration of limited payment institutions and limited e-money institutions
This Royal Decree approves the National Bank of Belgium's regulation detailing the administrative documentation required for the registration of limited payment institutions and limited e-money institutions in Belgium. The regulation mandates that applicants submit specific files including work programs, business and financial plans for the first three years, proof of initial capital, and descriptions of organizational structures, security policies, and anti-money laundering compliance measures. It further specifies additional requirements for entities offering both payment services and e-money issuance, such as proof of capital for the payment service and adherence to communication and security standards. These rules implement partial transposition of EU Directive 2015/2366 and entered into force upon publication in the Belgian State Gazette on 8 August 2018.