Regulatory Alerts2017-04-01
Added · Updated
Services not requiring authorisation
The Financial Supervision Act (Wft) excludes certain services from the authorisation requirement for issuing electronic money in the Netherlands. Specifically, payment instruments with limited options for use are exempt, such as those restricted to the issuer's premises, a limited network of service providers, or a specific range of goods or services. Entities issuing such instruments do not need to hold an authorisation from De Nederlandsche Bank (DNB).