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Europe Daily Bulletin No. 12242

26 April 2019
Contents Publication in full By article 15 / 21
ECONOMY - FINANCE - BUSINESS / Payments
EBA specifies criteria for determining nature of passport notifications from agents and distributors of electronic money
Brussels, 25/04/2019 (Agence Europe)

On Wednesday, 24 April, the European Banking Authority (EBA) published an Opinion on the nature of passport notifications from payment institutions or electronic money institutions using agents and distributors located in another Member State. 

The Opinion clarifies the criteria that the host Member State’s competent national authority should use for determining when the use of an agent or distributor falls under the right of establishment or the freedom to provide services when the...

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