Romania: Finance Ministry and Central Bank Consult on Draft Regulation for E-Money Institutions

On July 3, 2018, the Romanian Ministry of Public Finance launched a public consultation on a draft emergency ordinance on the issuance of electronic money (e-money). Pursuant to that, on July 4, 2018, the National Bank of Romania (NBR) launched a public consultation covering matters related to the issuance of e-money, licensing requirements and prudential supervision features. The regulation aims to implement provisions on e-money in the revised Payment Services Directive (PSD2) in the domestic payments system framework.

To continue reading please log in or request a demo to speak to a member of the team.