EMIs and PIs in Lithuania

The Bank of Lithuania introduced a mandate effective April 9, 2025, requiring all electronic money institutions (EMIs) and payment institutions (PIs) operating in Lithuania to maintain approved wind-down plans. This regulatory requirement reflects growing supervisory focus on operational resilience and orderly exit planning across European payment services. Lithuania is a significant jurisdiction for EMI/PI licensing in Europe, hosting numerous fintech and BaaS-adjacent firms. The mandate aligns with broader European regulatory trends and parallels similar FCA reviews in the UK, creating cross-jurisdictional consistency in wind-down planning expectations.

Verified from source: As of April 9, 2025, the amended Resolution No. 03-33 of the Bank of Lithuania has come into effect, introducing mandatory wind-down plan requirements for electronic money institutions (EMIs) and payment institutions (PIs). Institutions must prepare and formally approve a wind-down plan ensuring orderly termination of e-money issuance and/or payment services.