Regulation 156

Electronic Money Regulations 2011

5.

(1) The Electronic Money Regulations 2011 [S.I. 2011/99, amended by S.I. 2011/2742, 2012/1791, 2013/429, 479, 1881 and 3115, 2014/366, 2015/575 and 2016/163 and 937.] are amended as follows.

(2) In regulation 2(1) (interpretation) -

(a) in the appropriate places insert -

""account information service" means an online service to provide consolidated information on one or more payment accounts held by the payment service user with another payment service provider or with more than one payment service provider, and includes such a service whether information is provided -

(a) in its original form or after processing;

(b) only to the payment service user or to the payment service user and to another person in accordance with the payment service user's instructions;";

""European Banking Authority" means the European Banking Authority established by Regulation (EU) 1093/2010 of the European Parliament and of the Council of 24th November 2010 establishing a European Supervisory Authority (European Banking Authority) [OJ L 331, 15.12.2010, p.12.];";

""payment initiation service" means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;";