Act 2018
Llei 8/2018, del 17 de maig, dels serveis de pagament i el diner electrònic (Law 8/2018 on payment services and electronic money) - text refós amb la Llei 27/2018
Issued by Autoritat Financera Andorrana
Plain-English summary
Names the AFA as the authority for supervision, authorisation and registry of payment and electronic money institutions (Art. 1(2)). Only listed providers may offer payment services (Art. 4), customer funds must be safeguarded (Art. 8), and the AFA may exempt small firms with average payment volume up to EUR 3 million (Art. 6(2)). The AFA publishes a consolidated text with Llei 27/2018 and an English version.
Who it applies to
Banking · Payments & Fintech
Topics
Payments & Fintech / Digital Assets
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Payment and e-money institution authorisation and safeguarding of customer funds | Ongoing; safeguarding by end of next business day (Art. 8(1)); within five business days for e-money (Art. 8(4)) | AFA | official | |
Art. 4 allows only listed providers to offer payment services and only AFA-authorised e-money institutions or banks to issue e-money. Art. 8(1) requires funds received to be segregated, with funds not delivered by the end of the next business day held in a separate account or low-risk assets, or covered by an insurance policy or bank guarantee. Art. 8(4) requires e-money funds paid for by payment instrument to be safeguarded within five business days of issuance. |
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| No obligations match these filters. | ||||
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