Regulation (2011:776) On Electronic Money

Original Language Title: Förordning (2011:776) om elektroniska pengar

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Read the untranslated law here: http://rkrattsbaser.gov.se/sfst?bet=2011:776

Article 1 this regulation lays down rules that connect to

Act (2011:755) on electronic money.

Registry issues



section 2 of the financial supervisory authority is responsible according to

personal data Act (1998:204) for the register

According to Chapter 5. section 5 of the Act (2011:755) on electronic money.



section 3 of the provisions of the Swedish personal data Act (1998:204) about

rectification and damages shall apply in the case of treatment of

personal data in accordance with this regulation.



4 section in the registry recorded information for each Institute for

electronic money, registered publishers, agents and branch.

In addition to the maximum extent permitted by Chapter 5. section 5 of the Act (2011:755) on

electronic money to register include name

or business and if social security numbers, coordination number or

company registration number.



paragraph 5 of the financial supervision authority shall make a note in the registry when

the authority has taken a decision on the injunction to cease

the business.



Authorization



section 6 of the financial supervision authority may, in the case of the law (2011:755) on

electronic money provide for



1. the calculation of average outstanding debt under 2

Cape. 3 § 5,



2. what constitutes adequate command and control forms at

examination of an application pursuant to Chapter 2. 6 paragraph 2 (a),



3. the calculation of capital requirements under Chapter 3. section 2 of the first

subparagraph,



4. how electronic money institutions and registered

Publisher to manage resources in accordance with Chapter 3. section 6,



5. how electronic money institutions and registered

Publisher to manage resources in accordance with Chapter 3. 7 section

received in Exchange for electronic money issued and

other funds received for the implementation of

payment transactions and what proportion of the funds in

institutions or publishers covered by protection requirements

According to Chapter 3. section 7, third and fourth subparagraphs,



6. the particulars to electronic money institutions and

registered Publisher must deliver to the Swedish financial supervisory authority according to 3

Cape. section 8,



7. what information is to be considered relevant pursuant to Chapter 3. section 9,



8. as electronic money institutions and registered

Publisher shall observe and what that institution or

the Publisher must meet at the contract referred to in Chapter 3. section 29,



9. what information electronic money institutions

or a registered Publisher must provide to the

The financial supervision authority for its regulatory activities in accordance with Chapter 5.

2 and how the obligation to be performed,



10. to certain tasks in accordance with Chapter 5. section 2 shall be submitted to the

The Swedish financial supervisory authority instead to be given to Statistical

the Central Bureau,



11. what information beyond what is set forth in the Act, an application

for permission or for exceptions to permit shall contain

as well as the documents at the same time, shall be submitted to

The Swedish financial supervisory authority, and



12. how electronic money institutions and registered

Publisher shall carry out their obligations regarding

notifications and notifications under 2 and 3 Cape.

Regulation (2014:505).



section 7 Before the financial supervision authority notifies the regulations under

of section 6 of the 10, the Inspectorate give the Riksbank and Statistical

Central Office to submit their comments. Regulation (2014:505).