{
  "node_id": "eu-electronic-money-directive-2009-110",
  "title": "EU Electronic Money Directive 2009/110 (EMD2)",
  "domain": "Banking & Global Finance",
  "version": "1.0.0",
  "last_updated": "2011-04-30",
  "bluf": "Directive 2009/110/EC of the European Parliament and of the Council, in force 30 October 2009 with Member State transposition required by 30 April 2011, establishes the authorisation regime for electronic money institutions (EMIs) in the EU, requiring minimum initial capital of EUR 350,000, own funds of at least 2% of average outstanding e-money, ring-fenced safeguarding of e-money holders' funds in approved low-risk assets or insurance policies, and prohibiting e-money from bearing interest, while granting EMIs passport rights to operate across the EU single market through the PSD2 framework.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "eu-payment-services-directive-2-2015-2366",
      "eu-capital-requirements-regulation-2013-575",
      "eu-aml-regulation-2024"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "eu-payment-services-directive-2-2015-2366",
    "eu-capital-requirements-regulation-2013-575",
    "eu-aml-regulation-2024"
  ],
  "primary_citations_count": 5
}