E-money
Commission Staff Working Document on
the Review of the E-Money directive (2000/46/EC)
A report by the Commission services which draws together the results of
the evaluation process (the consultants' evaluation report, the public
stakeholder consultation as well as a series of meetings with Member
States) was sent to the Council and the European Parliament on 20th July
2006. The report contains recommendations about further steps for the
revision of the E-Money Directive and in particular advocates
integrating E-Money Institutions into the payment services Directive
once adopted.
The report
Evaluation of the E-Money Directive
An extensive evaluation has been completed on the E-Money Directive,
carried out by independent consultants.
The full report
A consultation paper on the E-Money Directive
A broad ranging consultation paper on the E-money Directive
(2000/46/EC) is published on the present website. This consultation will
form an important part of the review of the E-Money Directive, also
involving consultations with Member States as well as the commissioning
of an independent study to be carried out by consultants.
The Commission intends to come forward with a report together with
appropriate policy recommendations in Spring 2006. The consultation was
opened to all stakeholders and closed on 14th October 2005.
A consultation paper on the treatment of
mobile operators under the E-money Directive (closed)
A consultation paper on the treatment of mobile operators under the
E-money Directive is published on the present website, considering the
nature of pre-paid mobile phone cards.
According to Member States experts and the Commission services,
pre-paid mobile phone cards are likely to be a form of electronic money
when they are used to buy and pay third party products or services.
The present consultation aims at completing the legal analysis on the
perimeter of the mobile operators' activity implying the issuance of
e-money. It will also assess the impact of the current legal framework
on the electronic communication sector. The Commission services consider
that the E-money Directive must be applied in a proportionate manner.
Therefore, comments should focus on practical and legal problems
stemming from the application of the current rules and on the impact of
a supplementary legal framework. The consultation paper seeks also
advice on whether the Directive could be amended to better reflect
industry needs and risks stemming from "hybrid" activities.
Although the document is mainly addressed at mobile operators, the
Commission services welcome comments from connected industry (content
providers, companies developing technology, other partners of mobile
operators in the offer of additional product or services etc.), as well
as consumers.
The comments received will be published on the present website, unless
a specific request not to do so is received.
(Consultation closed)
Follow-up of the consultation
Dg Internal market received around 60 replies from different
stakeholders. These replies can be divided in the following categories:
mobile operators, connected industry, payment services providers,
e-money institutions, consultants, national administrations and sectoral
associations.
Answers and contributions for which confidentiality has not been
requested are available on this web site.
