Act No. 114/2021 on Payment Servi…
Act No. 114/2021 on Payment Services · st:is-payment-services-2021
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.
4. gr. (Umsókn um starfsleyfi)
prov:is-ps-2021-art4
ARTICLE TEXT — VERBATIM, TIER B
Umsókn um starfsleyfi skal berast Fjármálaeftirlitinu. Hún skal vera skrifleg og ítarleg 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.
7. gr. (Stofnframlag)
prov:is-ps-2021-art7
ARTICLE TEXT — VERBATIM, TIER B
jafnvirði 125.000 evra í íslenskum krónum ef greiðslustofnun veitir greiðsluþjónustu skv. a–e-lið 22. tölul. 3. gr. 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
3. gr. 22. tölul. a. (Greiðsluþjónusta — innlegg reiðufjár)
prov:is-ps-2021-art3-a
ARTICLE TEXT — VERBATIM, TIER B
Þjónusta sem gerir kleift að leggja reiðufé inn á greiðslureikning 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) Place cash on a payment account
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
ISFinancial Supervisory Authority of the Central Bank of Iceland (FME)Payment Institution / IcelandPlace cash on a payment account, Cash withdrawal from a payment account +6EUR 125,000 source3 months source2
Sources
4. gr. (Umsókn um starfsleyfi) · 7. gr. (Stofnframlag) · 3. gr. 22. tölul. a. (Greiðsluþjónusta — innlegg reiðufjár)Act No. 114/2021 on Payment Serviceshttps://www.althingi.is/lagas/156a/2021114.html
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