Electronic-Money Institution (EMI) And Payment Institution Licensing In Cyprus - Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com. The licensing Procedure and the operation of E-Money (EMI) and Payment (PI) institutions are currently regulated by the EU Directive 2009/110/EC and harmonized in Cyprus by the Electronic Money Law of 2012 AND 2018 which transposed into national law as per the directives of the European Parliament and of the Council. The Regulatory body for the licensing and supervision of EMI's in Cyprus is the Central Bank of Cyprus (CBC). Fees and Duration The Central Bank of Cyprus does not currently im...
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