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  1. Directive 2009/110/EC - E-Money Directive (EMD2)
  2. Title II Requirements for the taking up, pursuit and prudential supervision of the business of electronic money institutions (arts. 3-9)
  3. Article 3 General prudential rules
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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 12 January 2016 - onwards
  Version 3 of 3    

Article 3 General prudential rules

1. Without prejudice to this Directive, Article 5, Articles 11 to 17, Article 19(5) and (6) and Articles 20 to 31 of Directive (EU) 2015/2366 of the European Parliament and of the Council [Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market and amending Directives 2002/65/EC, 2009/110/EC, 2013/36/EU and Regu­ lation (EU) No 1093/2010 and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35)], including the delegated acts adopted under Article 15(4), Article 28(5) and Article 29(7) thereof, shall apply to electronic money institutions mutatis mutandis.

2. Electronic money institutions shall inform the competent authorities in advance of any material change in measures taken for safeguarding of funds that have been received in exchange for electronic money issued.

3. Any natural or legal person who has taken a decision to acquire or dispose of, directly or indirectly, a qualifying holding within the

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