icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Directive 2009/110/EC - E-Money Directive (EMD2)RecitalsTitle I Scope and definitions (arts. 1-2)Article 1 Subject matter and scopeArticle 2 DefinitionsTitle II Requirements for the taking up, pursuit and prudential supervision of the business of electronic money institutions (arts. 3-9)Article 3 General prudential rulesArticle 4 Initial capitalArticle 5 Own fundsArticle 6 ActivitiesArticle 7 Safeguarding requirementsArticle 8 Relations with third countriesArticle 9 Optional exemptionsTitle III Issuance and redeemability of electronic money (arts. 10-13)Article 10 Prohibition from issuing electronic moneyArticle 11 Issuance and redeemabilityArticle 12 Prohibition of interestArticle 13 Out-of-court complaint and redress procedures for the settlement of disputesTitle IV Final Provisions and implementing measures (arts. 14-24)Article 14 Implementing measuresArticle 15 Committee procedureArticle 16 Full harmonisationArticle 17 ReviewArticle 18 Transitional provisionsArticle 19 Amendments to Directive 2005/60/ECArticle 20 Amendments to Directive 2006/48/ECArticle 21 RepealArticle 22 TranspositionArticle 23 Entry into forceArticle 24 AddresseesDone at
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 22nd December 2024
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 30 October 2009 - onwards
Version 2 of 2

Article 12 Prohibition of interest

DRAFT To be repealed Article 48 Repeal of the Proposal for a Directive of the European Parliament and of the Council on payment services and electronic money services in the Internal Market amending Directive 98/26/EC and repealing Directives 2015/2366/EU and 2009/110/EC (COM(2023) 366 final / 2023/0209 (COD)) (PSD3) (updated 19 April 2024 with Information Note)
View:
Current text Draft text as it may be read Compare current vs draft text Whole document current text vs draft text

Member States shall prohibit the granting of interest or any other benefit related to the length of time during which an electronic money holder holds the electronic money.

PreviousNext