If you do not hold an authorisation issued by DNB, you are not permitted to operate as a electronic money institution pursuant to Section 2:10a of the Financial Supervision Act, unless you qualify for the Exemption Regulation.
DNB pursues a policy of active enforcement and perform checks at regular intervals. If you provide electronic money services without authorisation or exemption issued by DNB and you have not been excepted from the authorisation requirement, we can take several enforcement measures, including issuing cease and desist orders and imposing administrative fines.
Economic offence
Non-compliance with the Financial Supervision Act constitutes a criminal offence under the Economic Offences Act, which we may report to the public prosecutor's office.
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
Embedded finance offers customers the convenience of in-app payment options and on-the-spot insurance. This seamless integration of financial services, available exactly when and where they are needed, makes life simpler. But this innovation also entails new risks.
Read more Embedded finance: striking a balance between convenience and risk in the digital economy
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
Based on self-assessments and examinations, we have assessed how effectively banks and payment institutions are managing cyber risk. We observed three areas that currently need additional attention.
Read more How effectively do banks and payment institutions manage cyber risk?
