Article 4 — Initial capital
Financial servicesLevel 1DirectiveEMDIn forceIn force on the date shown, by the dates in the Official Journal.VerifiedIdentical to the official source.Official source
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.