> For the complete documentation index, see [llms.txt](https://www.headlesslaw.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.headlesslaw.com/psd2/articles/8.md).

# Article 8 — Own funds

*In force · Consolidated version of 17 January 2025 · Checked against EUR-Lex on 8 Oct 2026 ·* [*Official source*](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02015L2366-20250117)

1. The payment institution’s own funds, shall not fall below the amount of initial capital as referred to in [Article 7](/psd2/articles/7.md) or the amount of own funds as calculated in accordance with [Article 9](/psd2/articles/9.md) of this Directive, whichever is the higher.
2. Member States shall take the necessary measures to prevent the multiple use of elements eligible for own funds where the payment institution belongs to the same group as another payment institution, credit institution, investment firm, asset management company or insurance undertaking. This paragraph shall also apply where a payment institution has a hybrid character and carries out activities other than providing payment services.
3. If the conditions laid down in Article 7 of Regulation (EU) No 575/2013 are met, Member States or their competent authorities may choose not to apply [Article 9](/psd2/articles/9.md) of this Directive to payment institutions which are included in the consolidated supervision of the parent credit institution pursuant to Directive 2013/36/EU.

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[Title II — Payment service providers](/psd2/titles/ii.md) · [← Article 7](/psd2/articles/7.md) · [Article 9 →](/psd2/articles/9.md)