Before starting activities, you must:
contact the Secretariat of the Authorisation Directorate (2785-SECRETARIAT-DIRECTION-UT@acpr.banque-france.fr) to organise a meeting to present your plans and proposed timetable;
- prepare an application for the desired licence, including all supporting documentation:
- electronic money institution
- simplified electronic money institution
After receiving your application, the Authorisation Directorate will review your request. The ACPR will issue the electronic money institution licence within three months of receipt of a complete application.
As part of the review of the application and in accordance with the regulations, the licence is issued after obtaining the opinion of Banque de France on the security of the means of payment. If the application is incomplete, additional information may be requested and the review period extended.