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AI Summary of Article 4 Initial capital

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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 30 October 2009 - onwards
Version 2 of 2

Article 4 Initial capital

DRAFT To be repealed Article 48 Repeal of the Proposal for a Directive of the European Parliament and of the Council on payment services and electronic money services in the Internal Market amending Directive 98/26/EC and repealing Directives 2015/2366/EU and 2009/110/EC (COM(2023) 366 final / 2023/0209 (COD)) (PSD3) (updated 17 April 2026 with 'I' ITEM NOTE and Note)
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Member States shall require electronic money institutions to hold, at the time of authorisation, initial capital, comprised of the items set out in Article 57(a) and (b) of Directive 2006/48/EC, of not less than EUR 350 000.

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