What capital does the regulator
actually require from you?
Slide and tap to model own-funds and capital-floor requirements across PSD2, EMD2, and MiCA. The required-minimum number updates in real time as you change the inputs. Directional only — every regulator runs its own ICAAP-equivalent on top of these formulas.
Sum of interest income, fees, commissions, and other operating income — last 12 months. Drives PSD2 Method C.
Home-state NCA selects k between 0.5 and 1.0+ at authorisation, refined through ICAAP. Default 1.00 = unscaled.
Dataset version 2026-05-04. No data is sent or stored. Computation runs locally.
Fixed €350,000 minimum at authorisation.
Calculated against the rolling 6-month average of outstanding e-money. Replaces the initial floor once it exceeds €350,000.
Where the EMI also provides payment services in its own right, EMD2 Article 5(2) allows applying PSD2 Article 9 own-funds methods on top of the EMD2 base. Method A shown for reference.
Method B against monthly payment volume — applied where the EMI runs significant payment-service activity in addition to e-money issuance.
- Outstanding e-money is the rolling 6-month average of total e-money in circulation.
- EMIs that also provide payment services in their own right may need to meet the higher of EMD2 own-funds and PSD2 ongoing methods — use the PI/PSP regime alongside if relevant.
- Safeguarding capital is separate from own-funds and not modelled here.
- Effective own-funds expectation varies materially by NCA — use the Jurisdiction Comparator alongside this tool.
For orientation only — not financial, legal, regulatory, or investment advice. Outputs are directional and based on generalised inputs. Decisions should be taken only after consultation with a qualified adviser on your specific facts — book the full assessment before acting on anything you read here.
Numbers shown exclude finconduit fees and any third-party costs (legal, audit, regulator-mandated experts, banking-relationship fees, document-translation, ongoing supervisory levies, or local agent / service-provider charges). Real-world authorisation budgets typically exceed the headline regulator-side numbers by a meaningful multiple.