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---
title: "Article 10 — Prohibition from issuing electronic money"
type: regulation
legal_status: in_force
source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113"
source_retrieved: 2026-10-06
shortTitle: "Article 10 — Prohibition from issuing electronic money"
instrument_type: level1_directive
authority: Commission
binding: true
binding_character: binding
mica_level2: false
legal_basis: "Directive 2009/110/EC"
instrument: emd
celex: "32009L0110"
regulation: EMD
regulation-full: "Directive 2009/110/EC"
article: 10
status: in_force
object_id: eu.emd.legal_text.article.10
text_version: "Consolidated version of 13 January 2018"
source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113"
check_status: matched
verified: true
last_checked: 2026-11-09
---

*In force · Consolidated version of 13 January 2018 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113)*

Without prejudice to [Article 18](18.md), Member States shall prohibit natural or legal persons who are not electronic money issuers from issuing electronic money.

***

[Title III — Issuance and redeemability of electronic money](../titles/iii.md) · [← Article 9](9.md) · [Article 11 →](11.md)