Council of the European Union and European Parliament 16 September 2009, 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 amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC (Text with EEA relevance)

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Directive 2009/110/EC establishes a regulatory framework for electronic money institutions, aiming to facilitate their operations while ensuring adequate prudential supervision. Key provisions include definitions of electronic money, the scope of applicable institutions, and requirements for capital and consumer protection. The Directive applies to all Member States, mandating them to communicate their national laws related to electronic money issuance and ensuring compliance with anti-money laundering regulations.AI