Pin and benchmark
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Austria vs Belgium is just our starting example. Pin your own jurisdiction and peers below.
| Dimension |
Pinned 🇦🇹 Austria partly open Verified 2026-08-15
|
🇧🇪 Belgium
partly open
Verified 2026-08-15
|
|---|---|---|
| Licence type | E-money institution licence (Konzession) under the E-Geldgesetz 2010 (E-Money Act 2010), Austria's EMD2 transposition; credit institutions licensed under the Banking Act (BWG) may also issue e-money without a separate EMI licence | Etablissement de monnaie electronique (EME) under the Law of 11 March 2018 on the status and supervision of payment institutions and electronic money institutions (transposing EMD2/PSD2); a 'limited' e-money institution exemption tier (etablissement de monnaie electronique limite) also exists for small-scale issuers under Art. 111 of the same law |
| Regulator | Financial Market Authority Austria (Finanzmarktaufsicht, FMA) | National Bank of Belgium (Banque Nationale de Belgique / Nationale Bank van Belgie, NBB/BNB) |
| Capital requirement | Austria capital requirement is included in the £349 pass. | Belgium capital requirement is included in the £349 pass. |
| Timeline to authorisation | Austria timeline to authorisation is included in the £349 pass. | Belgium timeline to authorisation is included in the £349 pass. |
| Local substance | Austria local substance is included in the £349 pass. | Belgium local substance is included in the £349 pass. |
| Application cost | Austria application cost is included in the £349 pass. | Belgium application cost is included in the £349 pass. |
| Ongoing cost | Austria ongoing cost is included in the £349 pass. | Belgium ongoing cost is included in the £349 pass. |
| Passporting | Austria passporting is included in the £349 pass. | Belgium passporting is included in the £349 pass. |
| EMIs authorised | Austria emis authorised is included in the £349 pass. | Belgium emis authorised is included in the £349 pass. |
| Key restrictions | Austria key restrictions is included in the £349 pass. | Belgium key restrictions is included in the £349 pass. |
| Safeguarding | Austria safeguarding is included in the £349 pass. | Belgium safeguarding is included in the £349 pass. |
| Recent changes | PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension. | PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension. |
| Difficulty rating | Austria difficulty rating is included in the £349 pass. | Belgium difficulty rating is included in the £349 pass. |
Informational only, not legal advice. A delta compares the sortable figure only (capital, timeline, cost, difficulty, passporting, approvals); it is not a judgement on overall suitability. Verify with qualified counsel before acting.
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