The evolution of the legal regime of institutions issuing electronic money in the Romanian legal system
The evolution of the legal regime of institutions issuing electronic money in the Romanian legal system
Author(s): Lavinia Elena Smarandache (Stuparu)Subject(s): Government/Political systems, Law on Economics
Published by: Editura Universitaria Craiova
Keywords: credit institution; electronic money institutions; legal regime; Law no. 58/1998; Government Emergency Ordinance no. 99/2006; Law no. 127/2011.;
Summary/Abstract: In the national legal system, the electronic money institutions benefited of a legal framework which transposed the existing regulations in the field at the EU level. Thus, the legal status of those law subjects faithfully followed the changes promoted by the European legislator, from the moment of their acknowledgement in Romania until now. Initially, the electronic money institutions were part of the category of credit institutions, their legal regime being the one established by Law no. 58/1998 on banking activity and after that by the Government Emergency Ordinance no. 99/2006 on the credit institutions and the adequacy of capital.
Journal: Revista de Științe Politice. Revue des Sciences Politiques
- Issue Year: 2012
- Issue No: 33+34
- Page Range: 239-250
- Page Count: 12
- Language: English