FFFS 2011:49

Summary

Finansinspektionen has decided on new regulations and general guidelines for institutions for electronic money and registered users due to the new Electronic Money Act (2011:755).

The regulations contain, among other provisions, requirements on the application for authorisation, governance and control and reporting.

The regulations repeal Finansinspektionen's regulations (2002:14) regarding the issue of electronic money.

Amendments

References to applicable regulations regarding ownership, ownership management and management assessments are being revised due to FFFS 2023:12 replacing previous regulations in the area.

The amendments enter into force on 18 July 2023. Amendment 2023:15

FI is making minor amendments to regulations regarding electronic money business. The amendments clarify which money laundering information the undertakings shall submit when applying for authorisation to conduct business. Amendment 2019:12

The amendments are part of the implementation of the second EU Payment Services Directive, which introduces new requirements for institutions for electronic money and registered issuers. The amendment refer in part to organisational requirements and the information that shall be submitted to FI. Amendment 2018:7

Finansinspektionen is replacing references to the Money Laundering and Financing of Terrorism (Prevention) Act (2009:62) with references to the new Anti Money Laundering and Terrorist Financing Act (2017:630) and the new regulations. Amendment 2017:13

FI is introducing amendments due to the Capital Requirements Regulation and the new Credit Institutions and Securities Companies (Special Supervision) Act (2014:968). FI has removed references to acts and regulations that have been repealed and replaced them with references to the acts and regulations that replaced them. The amendments enter into force on 2 August 2014. Amendment 2014:26