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Term Definition Legal instruments

authorised electronic money institution

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE FINANCIAL CONGLOMERATES PART

means in accordance with regulation 2(1) of the Electronic Money Regulations:

(1) a person included by the FCA in the Financial Services Register as an authorised electronic money institution pursuant to regulation 4(1)(a) of the Electronic Money Regulations; or

(2) a person deemed to have been granted authorisation by virtue of regulation 74 of the Electronic Money Regulations.