Pin and benchmark
Pin the jurisdiction you are leaning towards, then line up to 5 rivals against it. Every unlocked figure shows where a peer beats it or loses to it on capital, timeline, cost and difficulty, so one screen tells you whether your first choice actually holds up.
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| Dimension |
Pinned 🇫🇷 France partly open Verified 2026-07-03
|
🇮🇪 Ireland
partly open
Verified 2026-07-03
|
|---|---|---|
| Licence type | Etablissement de monnaie electronique. | E-Money Institution or Small E-Money Institution under the European Communities (Electronic Money) Regulations 2011. |
| Regulator | ACPR (part of the Banque de France). Not the AMF, which handles markets and crypto. | Central Bank of Ireland (CBI). |
| Capital requirement | France capital requirement is locked. Unlock with the £349 pass. | Ireland capital requirement is locked. Unlock with the £349 pass. |
| Timeline to authorisation | France timeline to authorisation is locked. Unlock with the £349 pass. | Ireland timeline to authorisation is locked. Unlock with the £349 pass. |
| Local substance | France local substance is locked. Unlock with the £349 pass. | Ireland local substance is locked. Unlock with the £349 pass. |
| Application cost | France application cost is locked. Unlock with the £349 pass. | Ireland application cost is locked. Unlock with the £349 pass. |
| Ongoing cost | France ongoing cost is locked. Unlock with the £349 pass. | Ireland ongoing cost is locked. Unlock with the £349 pass. |
| Passporting | France passporting is locked. Unlock with the £349 pass. | Ireland passporting is locked. Unlock with the £349 pass. |
| EMIs authorised | France emis authorised is locked. Unlock with the £349 pass. | Ireland emis authorised is locked. Unlock with the £349 pass. |
| Key restrictions | France key restrictions is locked. Unlock with the £349 pass. | Ireland key restrictions is locked. Unlock with the £349 pass. |
| Safeguarding | France safeguarding is locked. Unlock with the £349 pass. | Ireland safeguarding is locked. Unlock with the £349 pass. |
| Recent changes | PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file. | PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file. |
| Difficulty rating | France difficulty rating is locked. Unlock with the £349 pass. | Ireland difficulty rating is locked. Unlock with 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.