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Text as of 23 Dec 2015 · Directive (EU) 2015/2366, OJ L 337, 23.12.2015 · Same wording as today’s text.Today’s text

Recital 25

Financial servicesLevel 1DirectivePSD2Stage: AdoptedOfficial source

This Directive lays down rules on the execution of payment transactions where the funds are electronic money as defined in Directive 2009/110/EC. This Directive does not, however, regulate the issuance of electronic money as provided for in Directive 2009/110/EC. Therefore, payment institutions should not be allowed to issue electronic money.