Article 12 | EMD 2 | Directive 2009/110/EC

Updated 05/02/2025

Metadata

In force

Initial Legal Act

Amendments

Level 2 legal acts

There is currently no Level 2 legal act based on or specifying Article 12.

Article 12 - Directive 2009/110/EC (EMD 2)

Article 12

Prohibition of interest

Member States shall prohibit the granting of interest or any other benefit related to the length of time during which an electronic money holder holds the electronic money.

Recitals

TITLE I - SCOPE AND DEFINITIONS (Article 1-2)

TITLE II - REQUIREMENTS FOR THE TAKING UP, PURSUIT AND PRUDENTIAL SUPERVISION OF THE BUSINESS OF ELECTRONIC MONEY INSTITUTIONS (Article 3-9)

TITLE III - ISSUANCE AND REDEEMABILITY OF ELECTRONIC MONEY (Article 10-13)Article 10 - Prohibition from issuing electronic money Q&A Article 11 - Issuance and redeemability Q&A Article 12 - Prohibition of interest Q&A Article 13 - Out-of-court complaint and redress procedures for the settlement of disputes GL

TITLE IV - FINAL PROVISIONS AND IMPLEMENTING MEASURES (Article 14-24)

Metadata

Level 2 legal acts

Related documents

Article 12 - Directive 2009/110/EC (EMD 2)

Table of contents