(17)Financial institutions are excluded from deposit protection. However, certain financial institutions, including e-money institutions, payment institutions and investment firms, also deposit the funds received from their clients in bank accounts, often on a temporary basis, in order to comply with safeguarding obligations in line with sectorial legislation, including Directives 2009/110/EC 7 , 2014/65/EU 8 and (EU) 2015/2366 9 of the European Parliament and of the Council. Considering the growing role of those financial institutions, DGSs should protect such deposits under the condition that those clients are identified or identifiable.
Recital 17
- 8 Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU ( OJ L 173, 12.6.2014, p. 349 , ELI: http://data.europa.eu/eli/dir/2014/65/oj ). ↩
- 9 Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC ( OJ L 337, 23.12.2015, p. 35 , ELI: http://data.europa.eu/eli/dir/2015/2366/oj ). ↩
- 7 Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC ( OJ L 267, 10.10.2009, p. 7 , ELI: http://data.europa.eu/eli/dir/2009/110/oj ). ↩