TITLE: Netherlands' Central Bank Updates Guidance on Payment Services and E-Money Institution Licensing Applications BODY: On March 19, 2026, De Nederlandsche Bank (DNB), the Netherlands' central bank, published revised guidance accompanying application forms for payment services provider and e-money institution licences. The updated guidance aims to streamline the licensing procedure and reduce processing delays. The key revisions clarify the two-phase licensing procedure and expand guidance on third-party fund safeguarding methods. The licensing process comprises: Phase 1, a completeness assessment where DNB verifies all required documentation has been submitted; and Phase 2, substantive review of application content including business setup, governance, and third-party fund safeguarding measures. DNB will only process complete applications. If an application is incomplete during Phase 1, applicants are typically requested once to provide missing documents. Should the application remain incomplete, Phase 2 will not commence and the application may be rejected, though applicable fees remain due. The guidance significantly expands on third-party fund safeguarding, which requires payment service providers and e-money institutions to ensure customer funds are not commingled with company assets. Applicants may choose from three safeguarding methods: a dedicated foundation, a segregated account, or an insurance policy or guarantee. The revised guidance specifies required documentation for each method. For foundation and segregated account approaches, applicants must submit either proof of an opened bank account or a bank-signed commitment letter confirming customer acceptance procedures are complete and the account is opened and blocked until licence issuance. DNB advises prospective applicants to thoroughly review the updated guidance and relevant website pages before submitting applications, verify all required documents are complete and current, and use the guidance as a checklist when preparing their dossier. **Reference:** De Nederlandsche Bank (March 19, 2026). Herziene toelichting bij het aanvraagformulier voor een vergunning als betaaldienstverlener en elektronischgeldinstelling. Available at: dnb.nl

CRITICAL BEHAVIORAL RULES (these override all other instructions): - Always generate an update. Never refuse, never ask for more information, and never say you cannot produce output. - If the source content is in a non-English language, translate and summarise it into English. - If the source content is sparse, administrative, procedural, or lacks expected regulatory elements, extract and present whatever information is available. This includes personnel appointments, cabinet changes, institutional restructures, and any official government action. - Never include disclaimers or meta-commentary about source quality, translation limitations, or content gaps. - If you cannot determine a piece of information, simply omit it rather than noting its absence. - Content scope is broad: generate updates for all government and official publications including regulatory changes, legislation, consultations, decrees, personnel appointments, institutional announcements, administrative decisions, and any other government or authority action. Do not filter by topic relevance. You are an AI assistant generating Horizon scanning updates for government, regulatory, and institutional content. GROUND RULES FOR HORIZON SCANNING UPDATES: Title Requirements: - The jurisdiction must appear in the update title - For PC/FS updates, use title case - Titles must be declarative statements (not questions) Body Text Requirements: - Target 200-250 words, but shorter is acceptable when source material is limited - Include as many of the following as the source material supports: jurisdiction, authority, brief description of the development or action, relevant dates (effective dates, announcement dates, enforcement dates) - Include links to relevant legislation where applicable - Reference all initialisms in full on first use (e.g., "Financial Conduct Authority (FCA)") - Must be factual only - no speculation or sweeping statements - When information is unavailable, simply omit it rather than noting its absence Format your response as: TITLE: [Your declarative title with jurisdiction] BODY: [Your factual summary with all required elements]

Horizon Scanning Outline. Purpose of Analyst writing Horizon Scanning Updates Distil the key points of the development for clients to quickly see what is changing without reading the whole source. Provide updates to key events from government and regulatory bodies, including consultations, legislation, decrees, appointments, and institutional changes. Simplify complex updates and sources so that they’re succinct, concise and clear to read. Consistently structure and write updates in the same format. Structure of Horizon Scanning Updates Always think about: Who (Authority) is publishing/enforcing the content/regulation? Where (Jurisdiction)? What type of document or announcement is it (e.g., consultation, regulation, decree, appointment, institutional change)? What is changing/being informed? Who is this update applicable to (credit, e-money institutions, etc.)? Why is this update noteworthy? What is its significance? When is the update applicable? Title Describe what the update is about. Include the jurisdiction (where); subject (authority - who); and a verb (doing word such as issues, publishes, launches, etc.- what). All titles should be written in present tense. Avoid using acronyms Approx 10 - 20 words Example Turkey’s Personal Data Protection Authority Publishes Data Protection Guidance Paragraph 1 Open with the date of the update (When) Name the authority that released the update (Who) Summarise the release (What) Example On June 20, 2025, the Securities and Exchange Board of India (SEBI) launched a consultation on guidelines for responsible usage of artificial intelligence (AI) and machine learning (ML) in Indian securities markets. Paragraph 2 Summarise key points. The change/amendment aiming to achieve (what) What is its objective, why is it happening? Why is it significant? (why) Who does it impact or concern? (Who) The aim is to summarise large source documents so the reader doesn’t need to do it themselves. DO NOT just copy the first few sentences of the document. Example SEBI aims to produce guidelines providing high-level principles for market participants to establish reasonable procedures and control systems for the supervision and governance of AI/ML applications and tools. To develop this, SEBI created a working group to: Study Indian and global best practices. Prepare the guidelines. Address the concerns and issues arising from AI/ML usage. SEBI is consulting on the following principles to develop the guidelines: Model governance: Market participants should have an internal team with adequate skills and experience to monitor and oversee the use of AI/ML-based models. Investor protection and disclosure: Market participants using AI/ML that impacts their customers should disclose such usage. Relevant use cases include algorithmic trading, asset management, advisory, and support services. The disclosure must include product features, purpose, risks, limitations, and other relevant information. Testing framework: Market participants should adequately test and continuously monitor AI/ML-based models to validate their results. Fairness and bias: AI/ML models should not favour or discriminate against any group of clients. Data privacy and cybersecurity: As AI/ML systems rely on data processing, market participants should maintain a clear policy for data security. Paragraph 3 Acts as a “Call To Action”. Provide forward looking context: What actions need to be taken? Who needs to take action? Next steps to the development. Include any relevant dates (When) Response dates - should always be provided for consultations Effective dates - should be used if we know definitively that the act/reg is coming into effect on a specific date, i.e., it has been passed/adopted. Example The comment period ends on February 2, 2026, at 11:59pm and responses can be submitted here. The comment response is expected to be published in April 2026. References Should always be included, and should come from a primary source, i.e., an authority, not a news source. General Style Notes: 200-250 words Active voice Authorities and companies referenced as a single entity (“It”, not “they”) Titles in title case Internal Vixio vocabulary guide Content Style Guide Spelling should generally be in UK English, except for North American-facing (US/Canada/Caribbean) content. A Acronyms - should be spelt out in first instance with acronym in brackets. For example, Financial Conduct Authority (FCA). Act - when just referring to “the act”, it does not need a capital a. Active prose - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Advise/advice - advise (verb) - to offer suggestions (for example, I advised them to sell). - advice (noun) - give formal suggestions (for example, I gave them advice). Advisor NOT adviser Affect - verb - “have an effect on something, make a difference” Alternate/Alternative - Alternate (adjective) - means every other - Alternative (noun) - strictly one out of two - Alternative (adjective) - the other of two things. Although - not to be interchanged with “while” - means “in spite of” NOT “at the same time”. AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT Among/while NOT Amongst/whilst API - application programming interface Apostrophes - to be used in possessives, i.e. an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Article/Part/Section - should be capitalised when referring to a specific article - e.g., Article 4 of the Gambling Act. Assure/ensure - not to be confused - assure means “tell someone something positively to dispel doubts”, ensure means “makes certain something will occur”. B Between - should always appear with “and” NOT “to” - for example, between this summer and next summer. Big tech - two words, breaks convention of other tech words Bills - U.S. bill names should appear without full points and a space between the letters and numbers (i.e. SB 522 NOT SB522 or S.B. 522). Brackets - square brackets should be used to denote deletions or additions in quotes. Buy now, pay later - no hyphens Bullet points - see Lists C Capitalisation - all important words should have a capital in titles (i.e. just not joining words such as and/of/the/a) Cardrooms not card rooms Cases - legal cases should appear in italics, with a v for versus. Casino-resorts NOT casino resorts or resort-casinos Chief executive NOT chief executive officer Colons (:) - used between independent clauses when the second clause explains, illustrates or expands on the first (i.e. to introduce lists, quotes) Commas - to be used in figures to denote thousands to avoid confusion with years (i.e, $2,000 NOT $2000) Comparisons - compare with (highlighting differences) - compare to (highlighting similarities) Companies/organisations - singular entities (it NOT they) should be followed by “which/that” rather than “who” Ltd, not Limited Complement - to accompany something/add value Compliment - give praise (complimentary = free) Compound adjectives - should be hyphenated (sports-betting operators / first-quarter earnings) Comprise/comprising - should NOT be followed with “of”, as it means to “consist of” Conjunctions - should appear with a semi-colon before and a comma afterwards (; however, / ; therefore,) Continually - if something occurs repeatedly/regularly in the same way Continuously - if something occurs without interruption or gaps Contractions - don’t, can’t, won’t, etc. to be avoided in copy (except in marketing material and depending on tone) Contrast - by contrast - when comparing one thing to another - in contrast - simply noting a difference Counsel/Council - counsel = advice, guidance; council = an advisory group or meeting Court of Justice of the European Union (CJEU) rather than ECJ Cryptocurrency - one word, not hyphenated. Crypto-assets - hyphenated Cybersecurity - one word, not hyphenated CTF - counter-terrorism financing - NOT CFT/countering the financing of terrorism Currencies - if not using common symbols (£, $, €), then three-letter code should be used before the figure (no spaces) - for example, PLN50,000. Full term lower case (eg euro, baht, pound, dollar) m for million, bn for billion, trn for trillion. D Date format - Month, Day, Year (e.g., March 7, 2019) For Insights & Analysis summary text: can just say “today”, e.g., “Today a bill was passed for…” For Insights & Analysis body text: dates should always accompany days of the week in brackets, e.g., “On Wednesday (June 8) a bill was passed...” For NIBs: always use dates rather than days. Department for Digital, Culture, Media & Sport - ampersand Directives - for commonly used directives, style is 4th Anti-Money Laundering Directive (4th AMLD), revised Payment Services Directive (PSD2) - try to use widely known titles rather than just numbers to ensure the directives are more easily recognised. DLT - distributed ledger technology E Effect - noun - “cause something to happen”. Em dash (—) - should be used as a conjunction, not a hyphen or en dash (–). Ensure/assure - not to be confused - ensure means “makes certain something will occur”, assure means “tell someone something positively to dispel doubts”. esports NOT eSports or e-sports Euros - should be denoted with a “€” (CNTRL+ALT+4) NOT “EUR”. F fintech NOT FinTech Footnotes - avoid where possible, if necessary write them into the text or add links. G GGR - “gross gaming revenues” Government - does not need a capital g. Governor - should be written out in full, NOT Gov. Guidance (singular and plural) - does NOT need to be preceded by “a” (Guide/guides, Guideline/guidelines) H Headlines - all words should begin with a capital Horseracing NOT horse racing Hyphenation - DO: land-based, fixed-odds, cross-border, invitation-only, fast-tracked (if “a fast-tracked application”), match-fixing, year-on-year, up-to-date, whistle-blowers, six-month period, non-fungible tokens, crypto-assets, e-money - DON’T: email, blocklist, whitelist, whitelisted, cybersecurity, cryptocurrency, white paper I Impact - should be used as a noun - i.e. the new act will have an impact on… - verb means “come into forcible contact with something else”. - using “affect” as a verb is more accurate. J Judgment - legal decision Judgement - one’s own opinion Jargon - avoid using confusing terms or tabloidese, e.g. use players rather than punters. Job titles - should appear in commas after a name - for example, Neil McArthur, Gambling Commission chief executive. OR before a name with no commas - for example, Gambling Commission chief executive Neil McArthur DON’T need capitals unless a figure of importance (i.e., Prime Minister, President) Italics - whole chunks of text from legislation should be italicised; however, short quotes do not need to be. Justice Department - U.S. Department of Justice - to appear with caps (as requested by US team). K KYC - know your customer L Legislature - does not need a capital l. Less than - NOT to be confused with “fewer than” when referring to a number of something. i.e. fewer than 100 gambling tables. Licence - noun (UK), i.e. a driver’s licence License - verb/noun (US) Lists - bulleted lists should generally begin with a cap and end with a full stop (make sure they are consistent). M MONEYVAL NOT Moneyval More than - to be used instead of “over”. i.e., more than 20 players rather than over 20 players. N Names - should appear before job titles in commas - for example, Neil McArthur, Gambling Commission chief executive. Names - should be written in full in first instance and then the surname used throughout. Numbers - 1-10 should be written out (except for percentages and measurements); should always be written out at the start of sentences. Non-fungible tokens - all lowercase (non-fungible tokens) O Offence - noun (UK), i.e. commit an offence Offense - noun (US) Organisations/companies - singular entities (it NOT they) should be followed by “which/that” rather than “who” Oxford comma - (appears before “and” or “or”) - to be used sparingly and only when necessary to avoid any confusion in a sentence (i.e., where more than one “and/or” appears). Over - should not be used as a replacement for “more than”. P Parliament - does not need a capital p. Part/Section/Article - should be capitalised when referring to a specific part - e.g., Part 4 of the Gambling Act Passive voice - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Past/passed - past is a noun/adverb/adjective - “in the past”, “past experience”. - passed is the past tense of “to pass” - “the law was passed in government”. Prepaid, not pre-paid Percentages - numbers should always be written as figures percent NOT per cent or % Figures should appear with a full point between them NOT comma (for example, 5.7 percent NOT 5,7 percent) Possessives - require an apostrophe and should not be confused with plurals - i.e., an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Prepositions - keep an eye out for missing prepositions - according “to”/ in accordance “with”/ in relation “to” / with regard “to” Principal - main, most important Principle - a fundamental source or basis of something Programme (UK) Program (US, UK - for computer program, Australian English) Q Quotes - speaker should be referenced in the past tense (said NOT says) Quote marks - double quote marks should be used for speech - single quote marks should only be used for titles and within quotes. (See Quote reference sheet for more information on how to use quotes.) R regtech NOT RegTech Repetition - avoid using words that mean the same thing (“and also” / “include, among others” / VLT terminals / ATM machines) Racetracks not race tracks S Seasons - when referencing a specific season of a year should be treated like a proper noun, i.e. should include a capital - Winter 2018. Section/Article/Part - should be capitalised when referring to a specific section - e.g., Section 4 of the Gambling Act. Semi-colons (;) - should be used to link two independent clauses that are closely related; or in lists without bullet points. (Do not overuse - often a full stop and new sentence will be better.) Sports betting NOT sportsbetting Sports team names Storey (pl. storeys) - level of a building (UK English) (story/stories - US English) T That defines, which informs Third person - “you” - avoid where possible. Titles - all important words should begin with a capital (i.e. just not joining words such as and/of/the/a) Tenses - content should generally be written in past tense - present tense should be used for something that has just happened and will be continuing into the future. U United States abbreviated to U.S. (Americas-focused stories on GC) / US in international content when mentioned in passing or across PC USA PATRIOT Act - should be kept as such, i.e. with caps, as it’s an acronym for “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act”) U.S. Department of Justice - Justice Department (with capitals as requested) V Vixio GamblingCompliance / Vixio PaymentsCompliance Vixio (to be used on its own after first instance) W Which informs, that defines While/among NOT Whilst/amongst While - not to be interchanged with “although” - means “at the same time” NOT “in spite of”. X Y Year quarters - Q1, Q2, H1, H2, etc. Z Acronyms AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT API - application programming interface DLT - distributed ledger technology --- Now, given the above instructions and style guide, please generate a horizon scanning update based on the following webpage content. Generate the update regardless of the source language, content type, or level of detail available — this includes administrative decrees, personnel appointments, institutional changes, and any other official content. Use whatever information is present. Herziene toelichting bij het aanvraagformulier voor een vergunning als betaaldienstverlener en elektronischgeldinstelling | De Nederlandsche Bank Ga verder naar hoofdinhoud Herziene toelichting bij het aanvraagformulier voor een vergunning als betaaldienstverlener en elektronischgeldinstelling Nieuwsbericht toezicht Lees voor De Nederlandsche Bank (DNB) heeft ter bevordering van een vlotte vergunningprocedure de toelichting bij de aanvraagformulieren voor een vergunning als betaaldienstverlener en elektronischgeldinstelling verder verduidelijkt en geactualiseerd. Gepubliceerd: 19 maart 2026 © iStock Wat is er gewijzigd? De belangrijkste wijzigingen in de toelichting bij het aanvraagformulier voor een vergunning als betaaldienstverlener en elektronisch-geldinstelling zijn: Verduidelijkte uitleg van de vergunningprocedure, bestaande uit een volledigheidsfase en een inhoudelijke beoordelingsfase; en Uitgebreide uitleg van de verschillende methoden van zekerstelling van derdengelden en de daarbij in te dienen documenten. Vergunningprocedure in twee fasen De vergunningprocedure bestaat uit de volgende twee fasen: Fase 1: Toetsing van de volledigheid van uw aanvraag. In deze fase beoordeelt DNB of het dossier compleet is en of alle gevraagde documenten zijn aangeleverd. Een onvolledig dossier kan tot vertraging leiden of, wanneer essentiële stukken ontbreken, tot het buiten behandeling stellen van de aanvraag. Fase 2: Inhoudelijke beoordeling van uw aanvraag. Pas als de aanvraag volledig is, volgt de beoordeling van de inhoudelijke aspecten. Dit gaat onder meer over de opzet, integere en beheerste bedrijfsvoering, governance en de maatregelen rond het zekerstellen van derdengelden. Belangrijk om te weten is dat DNB uitsluitend aanvragen behandelt die volledig zijn ingediend. Wanneer uw aanvraag onvolledig is, vragen wij u in fase 1 in principe één keer om de ontbrekende stukken aan te leveren. Blijft de aanvraag daarna onvolledig, dan wordt fase 2 niet gestart en kan uw aanvraag buiten behandeling worden gesteld. De verschuldigde leges blijven in dat geval van toepassing. Wij adviseren u dan ook om er zorg voor te dragen dat de vergunningaanvraag bij indiening volledig is. Door vooraf de toelichting te raadplegen, vergroot u de kans op het indienen van een volledige aanvraag. Zekerstelling van derdengelden Het is belangrijk dat de betaaldienstverlener en de elektronischgeldinstelling waarborgen dat de gelden van de derden (betaaldienstgebruikers en gebruikers van elektronisch geld) niet worden vermengd met het eigen vermogen van de onderneming. De onderneming kan kiezen tussen drie methoden om derdengelden zeker te stellen. Keuze uit drie methodes Methode 1: stichting derdengelden Methode 2: rekening afgescheiden vermogen Methode 3: verzekeringspolis of garantie Vereiste stukken bij fase 1 (volledigheid vergunningaanvraag) over de inrichting van zekerstelling derdengelden Uit de praktijk is gebleken dat bij ingediende vergunningaanvragen waarbij sprake is van methode 1 of 2 regelmatig het bewijs van een geopende bankrekening op naam van de stichting of van de rekening afgescheiden vermogen ontbreekt. Dit is jammer, omdat dit kan leiden tot aanzienlijke vertraging in de behandeling of zelfs tot buiten behandelingstelling van de vergunningaanvraag, vanwege onvolledigheid van de aanvraag. In de herziene toelichting is dan ook uitgewerkt welke documenten bij het zekerstellen van derdengelden moeten worden ingediend. Bij methode 1 en 2 moeten, ten aanzien van het zekerstellen van derdengelden, een bewijs van een geopende bankrekening óf een door de bank ondertekende verklaring (“commitment letter”) waarin staat dat de klantacceptatieprocedure is afgerond en dat de rekening is geopend én geblokkeerd of bevroren tot het moment van vergunningverlening worden ingediend. De overige in te dienen stukken staan in de toelichting vermeld. Advies aan aanvragers Om een soepele behandeling van uw aanvraag te bevorderen, adviseert DNB het volgende: Lees de toelichting en de relevante pagina’s op dnb.nl zorgvuldig vóórdat u de aanvraag indient. Controleer of alle vereiste stukken volledig en actueel zijn, inclusief de inrichting van derdengelden (bijv. bankrekening stichting derdengelden of rekening afgescheiden vermogen) en de bijbehorende documentatie. Gebruik de toelichting als checklist bij het samenstellen van uw dossier. Ontdek gerelateerde artikelen Nieuwsbericht toezicht Betaalinstellingen Elektronischgeldinstellingen Delen: Deel via LinkedIn Deel via X Deel via Facebook Deel via e-mail Kopieer deze URL Link gekopieerd naar het klembord. Interessante artikelen Definitieve versie van rapportagepakket AMLA bekend 17 maart 2026 Nieuwsbericht toezicht AMLA heeft de definitieve versie van het rapportagepakket gepubliceerd: AMLA launches data collection exercise to test risk assessment models Lees meer Definitieve versie van rapportagepakket AMLA bekend Nieuwsbericht toezicht 17 maart 2026 Review exitplannen betaal-en elektronischgeldinstellingen 13 maart 2026 Het afwikkelen van een betaal- of elektronischgeldinstelling (hierna: betaalinstellingen) brengt veel operationele, juridische en financiële uitdagingen met zich mee, met name als de instelling veel gebruik maakt van agenten of outsourcingspartners. Lees meer Review exitplannen betaal-en elektronischgeldinstellingen 13 maart 2026 De Nederlandsche Bank publiceert Integriteitstoezicht in Beeld 2026 10 maart 2026 Nieuwsbericht toezicht De publicatie ondersteunt instellingen bij het ontwikkelen van een proportionele en risicogebaseerde toepassing van de Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft), de Wet toezicht trustkantoren 2018 (Wtt) en de Sanctiewet (Sw). Lees meer De Nederlandsche Bank publiceert Integriteitstoezicht in Beeld 2026 Nieuwsbericht toezicht 10 maart 2026 DORA: additionele datakwaliteitscontroles informatieregister 10 maart 2026 Nieuwsbericht toezicht Sinds de inwerkingtreding van DORA moeten financiële instellingen een informatieregister bijhouden voor alle contractuele overeenkomsten over het gebruik van door derde aanbieders verleende ICT-diensten (DORA artikel 28, lid 3). Lees meer DORA: additionele datakwaliteitscontroles informatieregister Nieuwsbericht toezicht 10 maart 2026 Alles accepteren Alleen noodzakelijk Cookie-instellingen Noodzakelijke cookies Om de website goed te laten werken plaatst De Nederlandsche Bank (DNB) zogeheten functionele cookies en analytics cookies. Maatregelen zijn genomen teneinde zeker te stellen dat deze cookies geen of maar weinig gevolgen heeft voor de privacy van bezoekers. Optionele cookies Op sommige pagina's wordt content van externe websites ingesloten. Deze websites kunnen gebruik maken van eigen (tracking) cookies. Hiermee kunnen derde partijen bijvoorbeeld bezoekersstatistieken bijhouden, gepersonaliseerde content tonen en gerichte advertenties tonen. U kunt zowel bij uw eerste bezoek aan de website als op het moment dat u op een pagina met ingesloten content komt, uw keuze maken over het toestaan van deze optionele cookies. Voorkeuren opslaan

Herziene toelichting bij het aanvraagformulier voor een vergunning als betaaldienstverlener en elektronischgeldinstelling | De Nederlandsche Bank

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