Revocations Process for Electronic Money Institutions 

This section sets out the requirements of the Central Bank where an Electronic Money Institution proposes to seek voluntary revocation of their authorisation.

Such applications should be submitted to the Central Bank by completing the Application Form linked below and submitting it together with all of the required supporting documentation to the Central Bank at the address provided on the Application Form. Incomplete applications will not be processed and may be returned thereby potentially exposing your firm to increased regulatory levies and/or other levies by reason of the delay in the removal of the firm’s name from the Central Bank’s register of regulated firms. The authorisation/registration held by your firm can be checked on the Central Bank’s registers.

Electronic Money Institutions fall to be regulated under the European Union (Electronic Money) Regulations 2011 (as amended) (“the EMR”).

Please ensure that all sections of the Application Form are completed. Any queries in relation to the revocation process should be addressed to [email protected]

If you have any queries regarding any outstanding regulatory levies due by the firm to the Central Bank, please contact our Billing & Collections section at [email protected].

All Electronic Money Institutions are obliged to comply with the requirements imposed on them under the EMR and the Consumer Protection Code in relation to their business generally and in relation to the cessation of business.  If you are in any doubt about the obligations of the firm in that regard, you may wish to take legal or other professional advice.

Revocation Application Form | doc 1681 KB