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

Citation
European Commission, E-Money Directive, (2009/110/EC) (full-text).

Overview
The "E-Money Directive" aims to:


 * enable new, innovative and secure electronic money services to be designed
 * provide market access to new companies
 * foster real and effective competition between all market participants.

This should benefit consumers, businesses and the wider European economy.

The Directive focuses on modernizing EU rules on electronic money, especially bringing the prudential regime for electronic money institutions, into line with the requirements for payment institutions in the Payment Services Directive.