1. In addition to issuing electronic money, electronic money institutions shall be entitled to engage in any of the following activities:
(a) the provision of payment services listed in the Annex to Directive 2007/64/EC;
(b) the granting of credit related to payment services referred to in points 4, 5 or 7 of the Annex to Directive 2007/64/EC, where the conditions laid down in Article 16(3) and (5) of that Directive are met;
(c) the provision of operational services and closely related ancillary services in respect of the issuing of electronic money or to the provision of payment services referred to in point (a);
(d) the operation of payment systems as defined in point 6 of Article 4 of Directive 2007/64/EC and without prejudice to Article 28 of that Directive;
(e) business activities other than issuance of electronic money, having regard to the applicable Community and national law.
Credit referred to in point (b) of the first subparagraph shall not be granted from the funds received
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