1. Irish Financial Services Law
  2. Legislation (IE)
  3. Statutory Instruments
  4. 2011
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  1. European Communities (Electronic Money) Regulations 2011 [S.I. No. 183 of 2011]
  2. Part 2 Requirements for the Taking Up, Pursuit and Prudential Supervision of Business of Electronic Money Institutions (regs. 6-51)
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Part 2 Requirements for the Taking Up, Pursuit and Prudential Supervision of Business of Electronic Money Institutions (regs. 6-51)

Comparing proposed amendment...
Chapter 1 Right to issue electronic money (regs. 6-7A)
In force
 Regulation 6 Persons that may issue electronic money
In force
 Regulation 7 The Register
In force
 Regulation 7A European Banking Authority Register
Chapter 2 Authorisation and registration of electronic money institutions (regs. 8-12)
In force
 Regulation 8 Applications for authorisation
In force
 Regulation 9 Decision to grant or refuse authorisation
In force
 Regulation 10 Bank may require adjustments to applicant's business plan
In force
 Regulation 11 Conditions for granting of authorisation
In force
 Regulation 12 Communication of the decision
Chapter 3 Conditions of authorisation (regs. 13-26C)
In force
 Regulation 13 Initial capital
In force
 Regulation 14 Own funds
In force
 Regulation 15 Calculation of own funds - Method D
In force
 Regulation 16 Calculation of amount of own funds
In force
 Regulation 17 Average outstanding electronic money
In force
 Regulation 18 Maintenance of authorisation
In force
 Regulation 19 Accounting and statutory audit
In force
 Regulation 20 Use of distributors, agents or any other entity acting on behalf of electronic money institution
In force
 Regulation 21 Use of agents
In force
 Regulation 22 Outsourcing of functions
In force
 Regulation 22A Information obligation
In force
 Regulation 23 Establishment of branch or engagement of agent in the State by electronic money institution authorised in another Member State
In force
 Regulation 24 Liability
In force
 Regulation 25 Record-keeping
In force
 Regulation 26 Application to exercise the right of establishment and freedom to provide services
In force
 Regulation 26A Supervision of electronic money institutions exercising the right of establishment and freedom to provide services
In force
 Regulation 26B Measures in case of non-compliance, including precautionary measures
In force
 Regulation 26C Reasons and communication
Chapter 4 Withdrawal of authorisation (reg. 27)
In force
 Regulation 27 Withdrawal of authorisation
Chapter 5 Additional activities (reg. 28)
In force
 Regulation 28 Additional activities in which electronic money institutions may engage
Chapter 6 Safeguarding requirements (regs. 29-31)
In force
 Regulation 29 Safeguarding for electronic money institutions engaged in the issuance of electronic money
In force
 Regulation 30 Safeguarding for electronic money institutions engaged in payment services not related to the issuance of electronic money
In force
 Regulation 31 Material change in measures of safeguarding
Chapter 7 Registration of small electronic money institutions (regs. 32-36)
In force
 Regulation 32 Application for registration as small electronic money institution
In force
 Regulation 33 Small electronic money institutions - waiver of application of certain provisions of Chapters 2, 3, 4 and 6
In force
 Regulation 34 Average outstanding electronic money
In force
 Regulation 35 Requirement to apply for authorisation in certain circumstances
In force
 Regulation 36 Withdrawal of waiver
Chapter 8 Restrictions on acquiring and disposing of qualifying holdings in electronic money institutions (regs. 37-51)
In force
 Regulation 37 Interpretation
In force
 Regulation 38 Restrictions on acquiring and disposing of qualifying holdings in electronic money institutions
In force
 Regulation 38A Application to court where no notification given
In force
 Regulation 39 Electronic money institution to provide information in relation to certain acquisitions and disposals
In force
 Regulation 40 Period for assessment of proposed acquisition
In force
 Regulation 41 Assessment of proposed acquisitions
In force
 Regulation 42 Bank to cooperate with competent authorities of other Member States in certain cases
In force
 Regulation 43 Bank may fix period for completion of acquisition, etc
In force
 Regulation 44 Notice of Bank's decision
In force
 Regulation 45 Bank may oppose certain acquisitions
In force
 Regulation 46 Decision to oppose proposed acquisition to be appealable
In force
 Regulation 47 Circumstances in which proposed acquisition not to be completed
In force
 Regulation 48 Effect of section 201 of Companies Act 1963
In force
 Regulation 49 Electronic money institutions to provide information about shareholdings, etc
In force
 Regulation 50 Power of court to make certain orders
In force
 Regulation 51 Powers of Bank to waive the application of all or part of the obligations pursuant to this Chapter
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