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---
title: "Article 4 — Initial capital"
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 4 — Initial capital"
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: 4
status: in_force
object_id: eu.emd.legal_text.article.4
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)*

Member States shall require electronic money institutions to hold, at the time of authorisation, initial capital, comprised of the items set out in Article 57(a) and (b) of Directive 2006/48/EC, of not less than EUR 350 000 .

***

[Title II — Requirements for the taking up, pursuit and prudential supervision of the business of electronic money institutions](../titles/ii.md) · [← Article 3](3.md) · [Article 5 →](5.md)