Supervised by national and European oversight authorities
Based on our role as critical infrastructure, equensWorldline is supervised by national and European oversight authorities.
In the Netherlands equensWorldline has a license as settlement institution. Our subsidiary equensWorldline NV is supervised by both the Dutch National Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) in accordance with the Act on Financial Supervision (Wft).
In Belgium equensWorldline is under oversight by the National Bank of Belgium (NBB) in its context as systemically relevant payment processor. The oversight is done in accordance with the Act on Processors.
The equensWorldline CSM is also under oversight by the Eurosystem, which comprises the European Central Bank and the national central banks of the Member States whose currency is the euro. The supervision is performed by the Dutch National Bank on behalf of the Eurosystem.
European Central Bank Eurosystem
Dutch National Bank (DNB)
Dutch Authority for the Financial Markets (AFM)
National Bank of Belgium (NBB)
The Eurosystem promotes the safety and efficiency of payment, clearing and settlement systems under its oversight mandate. The equensWorldline CSM is under oversight by the Eurosystem. The Principles for Financial Market Infrastructures (PFMI) are the basis for the oversight framework.
DNB focuses on promoting the solidity of financial undertakings and contributing to the stability of the financial sector (prudential supervision). The Dutch Act on Financial Supervision (Wft) regulates the supervision of financial institutions in the Netherlands. As of the 1st of January 2014 settlement institutions became in scope of the Financial Supervision Act and as from that day the Act became applicable. The supervision is executed by both Dutch National Bank (DNB) and Authority Financial Markets (AFM).
Authority Financial Markets (AFM) focuses on orderly and transparent financial market processes, proper relationships between market participants and care in dealing with clients (market conduct supervision).
The proper functioning of card payment processing in Belgium, given its role in the real economy, is a primary objective of the Bank’s oversight. As of the law of 24 March 2017 on the oversight of payment transaction processors, equensWorldline as systemically relevant payment processor, is under the direct legal oversight of the National Bank of Belgium. Payment Processors Register Belgium
Banca d’Italia (BdI)
A memorandum of Understanding (MoU) between De Nederlandsche Bank (DNB) and Banca d’Italia (BdI) was formalized. Financial Supervision Act, article 2:3.0d(1) License to carry on the business of a settlement institution established in the Netherlands.
Settlement Institution Register