European Communities
European Communities (Electronic Money) Regulations 2011 (S.I. No. 183 of 2011) · st:ie-emr2011
Primary text ↗Verified
Dates
no data
In force from
Key provisions
3 in the graphThe article’s own text, quoted verbatim from the primary source below — a citable fact, not a summary. No plain-English explanation is shown: writing one would be legal analysis nobody sourced (docs/RULES.md R1). That register is reserved should sourced explanations be added later, and will never share this card’s styling.
Regulation 6(1) (Persons that may issue electronic money)
prov:ie-emr2011-reg6
ARTICLE TEXT — VERBATIM, TIER B
A person shall not issue electronic money unless the person is source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Grants (in the graph) Issue electronic money
Regulation 12 (Communication of the decision)
prov:ie-emr2011-reg12
ARTICLE TEXT — VERBATIM, TIER B
Within 3 months of the receipt of an application (or, if the application is incomplete, of all the information required for the decision), the Bank shall inform the applicant concerned whether the authorisation has been granted or refused. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Regulation 13(1) (Initial capital)
prov:ie-emr2011-reg13
ARTICLE TEXT — VERBATIM, TIER B
The Bank shall not authorise an applicant as an electronic money institution unless the applicant holds initial capital of at least €350,000. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Backs requirement minimumCapital
National regimes implementing it
1 regimesOne statute, implemented differently by each regime below — the same directive granting different activities, client types and capital figures market by market.
WhereAuthorityRegimeCapital · transitionFirms
IECentral Bank of IrelandE-Money Institution / IrelandIssue electronic moneyEUR 350,000 source3 months source1
Sources
Regulation 6(1) (Persons that may issue electronic money) · Regulation 12 (Communication of the decision) · Regulation 13(1) (Initial capital)European Communities (Electronic Money) Regulations 2011 (S.I. No. 183 of 2011)https://www.irishstatutebook.ie/eli/2011/si/183/made/en/print
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