Funds received by issuers of e-money tokens in exchange for e-money tokens and safeguarded in accordance with Article 7(1) of Directive 2009/110/EC shall comply with the following:
(a) at least 30 % of the funds received is always deposited in separate accounts in credit institutions;
(b) the remaining funds received are invested in secure, low-risk assets that qualify as highly liquid financial instruments with minimal market risk, credit risk and concentration risk, in accordance with Article 38(1) of this Regulation, and are denominated in the same official currency as the one referenced by the e-money token.
Title IV: E-MONEY TOKENS | Chapter 1
Article 54
Investment of funds received in exchange for e-money tokens
Related Technical Standards & Guidelines
Regulatory Technical Standards (RTS)
- RTSEBAIn force
EMT Investment RTS
Specifies requirements for investing funds received in exchange for e-money tokens.
Related Recitals (Preamble)
Recitals provide interpretive context and policy rationale for the legislative provisions.
(70)
EMT funds investment requirements
Summary: Where an issuer of e-money tokens invests the funds received in exchange for e-money tokens, such funds should be invested in assets denominated in the same official currency as the one that the e-mon...