Sound and prudent operation Electronic money institutions shall have sound and prudent management, administrative and accounting procedures and adequate internal control mechanisms. These should respond to the financial and non-financial risks to which the institution is exposed including technical and procedural risks as well as risks connected to its cooperation with any undertaking performing operational or other ancillary functions related to its business activities.
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 30 April 2011 - onwards
Article 7
Repealed from 30 April 2011