+Section 1 General rules
---+Article 5 Applications for authorisation
------+Article 5 1.
------+Article 5 2.
------+Article 5 3.
------+Article 5 4.
------+Article 5 5.
------+Article 5 6.
------+Article 5 7.
---+Article 6 Control of the shareholding
------+Article 6 1.
------+Article 6 2.
------+Article 6 3.
------+Article 6 4.
---+Article 7 Initial capital
---+Article 8 Own funds
------+Article 8 1.
------+Article 8 2.
------+Article 8 3.
---+Article 9 Calculation of own funds
------+Article 9 1.
------+Article 9 2.
------+Article 9 3.
---+Article 10 Safeguarding requirements
------+Article 10 1.
------+Article 10 2.
---+Article 11 Granting of authorisation
------+Article 11 1.
------+Article 11 2.
------+Article 11 3.
------+Article 11 4.
------+Article 11 5.
------+Article 11 6.
------+Article 11 7.
------+Article 11 8.
------+Article 11 9.
---+Article 12 Communication of the decision
---+Article 13 Withdrawal of authorisation
------+Article 13 1.
------+Article 13 2.
------+Article 13 3.
---+Article 14 Registration in the home Member State
------+Article 14 1.
------+Article 14 2.
------+Article 14 3.
------+Article 14 4.
---+Article 15 EBA register
------+Article 15 1.
------+Article 15 2.
------+Article 15 3.
------+Article 15 4.
------+Article 15 5.
---+Article 16 Maintenance of authorisation
---+Article 17 Accounting and statutory audit
------+Article 17 1.
------+Article 17 2.
------+Article 17 3.
------+Article 17 4.
---+Article 18 Activities
------+Article 18 1.
------+Article 18 2.
------+Article 18 3.
------+Article 18 4.
------+Article 18 5.
------+Article 18 6.

Section 1 General rules

Section 1 General rules

1. Forbhreathnú

,
Teideal Rialáil
Article 5 Applications for authorisation
Article 6 Control of the shareholding
Article 7 Initial capital

Article 7

Initial capital

Member States shall require payment institutions to hold, at the time of authorisation, initial capital, comprised of one or more of the items referred to in Article 26(1)(a) to (e) of Regulation (EU) No 575/2013 as follows:

(a) 

where the payment institution provides only the payment service as referred to in point (6) of Annex I, its capital shall at no time be less than EUR 20 000 ;

(b) 

where the payment institution provides the payment service as referred to in point (7) of Annex I, its capital shall at no time be less than EUR 50 000 ;

(c) 

where the payment institution provides any of the payment services as referred to in points (1) to (5) of Annex I, its capital shall at no time be less than EUR 125 000 .

Article 8 Own funds
Article 9 Calculation of own funds
Article 10 Safeguarding requirements
Article 11 Granting of authorisation
Article 12 Communication of the decision

Article 12

Communication of the decision

Within 3 months of receipt of an application or, if the application is incomplete, of all of the information required for the decision, the competent authorities shall inform the applicant whether the authorisation is granted or refused. The competent authority shall give reasons where it refuses an authorisation.

Article 13 Withdrawal of authorisation
Article 14 Registration in the home Member State
Article 15 EBA register
Article 16 Maintenance of authorisation

Article 16

Maintenance of authorisation

Where any change affects the accuracy of information and evidence provided in accordance with Article 5, the payment institution shall, without undue delay, inform the competent authorities of its home Member State accordingly.

Article 17 Accounting and statutory audit
Article 18 Activities

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais
Foinse Ceanglas

3. Caighdeáin ghaolmhara

Caighdeáin
Foinse Ceanglas
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