Commission adopts Delegated Regulation on 4MLD central contact points

On 7 May 2018, the European Commission adopted a Delegated Regulation supplementing the Fourth Anti-Money Laundering Directive (4MLD) regarding regulatory technical standards on the criteria for the appointment of central contact points for electronic money issuers and payment service providers and with rules on their function. The Delegated Regulation is based on the draft regulatory technical standards that the European Supervisory Authorities produced for the Commission which set out the criteria that Member States should use when deciding whether or not foreign institutions that operate establishments other than a branch in the Member State’s territory should appoint a central contact point and what the functions of that central contact point should be.

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