Safeguarding Rules for Customer Funds Held by EMIs: Country Examples

This document is a supplement to the official and peer reviewed CGAP Technical Note Safeguarding Rules for Customer Funds Held by EMIs (December 2018), which details how some regulations address the concentration risk for the E-money issuers (EMIs) and the bank holding the e-float, identifies the pros and cons of several regulatory options for fund safeguarding, and references countries that use the options. The annex reviews examples of EMI risk regulations for a selection of countries, including Bangladesh, Brazil, Colombia, El Salvador, Ghana, India, Indonesia, Jamaica, Kenya, Lesotho, Liberia, Malawi, Malaysia, Myanmar, Namibia, the Philippines, Rwanda, Sri Lanka, Tanzania, Turkey, and Zambia and the countries in WAEMU.

Disclaimer

This work was funded in whole or in part by CGAP. Unlike CGAP's official publications, it has not been peer reviewed or edited by CGAP, and any conclusions or viewpoints expressed are those of the authors, and they may or may not reflect the views of CGAP staff.