Amendments Processing for Electronic Money Institutions

The following list is not exhaustive and is intended to serve as a guide only and firms should refer to the requirements of the relevant legislations.  If any E-Money Institution is unclear of its obligations, they should contact Consumer Protection: Supervision Division.  Contact details are available in the Contact Us section.

Change of Persons Holding PCFs

Any change of persons holding Pre-approval Controlled Functions (PCFs) should be notified to the Central Bank.  This includes both proposed appointments and resignations of (PCFs).  All proposed appointees are subject to the “Fitness & Probity” regime as outlined in the Fitness and Probity page. Please refer to the Guidance on the PSD2 Specific Requirements for applicants seeking approval for a PCF role in a Payment Institution.

Assessment of acquisitions and disposals of qualifying holdings in Electronic Money

Changes in qualifying holdings in E-Money Institutions are subject to the prior approval of the Central Bank.  Firms are obliged to advise the Central Bank on an annual basis of their ownership structure.

Change of Company Name 

The Central Bank must first approve any proposed change in company name before it is submitted to the Companies Registration Office.

Application for Extension of Authorisation 

An application by a firm to alter/extend its authorisation as an E-Money Institution requires the prior approval of the Central Bank.

Change of Address 

Any proposed change of address by an authorised E-Money institution must be notified in advance to the Consumer Protection: Supervision Division.  This will allow us to update our records and systems on a timely basis. 

Other Changes

If there is uncertainty regarding whether a change within a firm constitutes a material change for supervisory purposes, the E-Money Institution should contact the Consumer Protection: Supervision Division directly.  Contact details are available in the Contact Us section.