What proofs of insurance do I need to provide when making an application to become authorised as a payment institution?

Where required, the applicant will need to provide details of any insurance contracts and ensure that they are compliant with European Banking Authority (<a href="/glossarycollection/european-banking-authority" style="color:#48277C;" target="_blank" title="European Banking Authority"><u>EBA</u></a>) guidelines. These details will need to include the coverage of any relevant liabilities and how the applicant has calculated the coverage required.

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