Article 4 Requirements relating to certain service providers

This article establishes the baseline registration and licensing requirements that Member States must impose on obliged entities operating in higher-risk or sensitive sectors.

It creates a tiered approach: certain entity types such as currency exchange offices and trust or company service providers must be licensed or registered, gambling service providers must be regulated, and all remaining obliged entities must at a minimum be registered in a way that allows supervisors to identify them.

Importantly, that last requirement falls away where equivalent registration or licensing obligations already exist under other Union or national legal frameworks, avoiding duplication.

Important points:

• Member States are required to ensure currency exchange offices, cheque cashing offices, and trust or company service providers are either licensed or registered.
• Member States are required to ensure all gambling service providers are regulated.
• The minimum registration requirement for all other obliged entities does not apply where equivalent obligations already exist under other Union legal acts or national professional licensing rules.