Chapter IV, Section 1, Article 38, Paragraph 1. · Directive (EU) 2024/1640

Contents

1.Where the activities of the following obliged entities are carried out in their territory under the freedom to provide services through agents or distributors, or through other types of infrastructure, including when those activities are carried out under an authorisation obtained under Directive 2013/36/EU, Member States shall ensure that such activities are subject to supervision by their national supervisors:

(a)electronic money issuers as defined in Article 2, point (3), of Directive 2009/110/EC of the European Parliament and of the Council^note;

(b)payment service providers as defined in Article 4, point (11), of Directive (EU) 2015/2366; and

(c)crypto-asset service providers.

For the purposes of the first subparagraph, the supervisors of the Member State where the activities are carried out shall monitor effectively and ensure compliance with the Regulations (EU) 2024/1624 and (EU) 2023/1113.