Updated 16/01/2025

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In force since 30/04/2011

Initial Legal Act

Level 2 legal acts in relation to EMD 2

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Legislative procedure

Procedure 2008/0190/COD

EMD 2 Tool E-Money Directive (EMD 2)

E-Money Directive (EMD 2)

Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC (Text with EEA relevance)

TITLE I - SCOPE AND DEFINITIONS (Article 1-2)Article 1 - Subject matter and scope Q&A Article 2 - Definitions Q&A

TITLE II - REQUIREMENTS FOR THE TAKING UP, PURSUIT AND PRUDENTIAL SUPERVISION OF THE BUSINESS OF ELECTRONIC MONEY INSTITUTIONS (Article 3-9)Article 3 - General prudential rules Q&AGL Article 4 - Initial capital Article 5 - Own funds GL Article 6 - Activities Q&A Article 7 - Safeguarding requirements Q&A Article 8 - Relations with third countries Article 9 - Optional exemptions ITSQ&A

TITLE III - ISSUANCE AND REDEEMABILITY OF ELECTRONIC MONEY (Article 10-13)Article 10 - Prohibition from issuing electronic money Q&A Article 11 - Issuance and redeemability Q&A Article 12 - Prohibition of interest Q&A Article 13 - Out-of-court complaint and redress procedures for the settlement of disputes GL

TITLE IV - FINAL PROVISIONS AND IMPLEMENTING MEASURES (Article 14-24)Article 14 - Implementing measures Article 15 - Committee procedure Article 16 - Full harmonisation Article 17 - Review Q&A Article 18 - Transitional provisions Article 19 - Amendments to Directive 2005/60/EC Q&A Article 20 - Amendments to Directive 2006/48/EC Article 21 - Repeal Article 22 - Transposition Q&A Article 23 - Entry into force Article 24 - Addressees