(1) In this Regulation -
"secure and low-risk", in relation to assets, means that the assets are -(a) asset items falling into one of the categories set out in Table 1 of point 14 of Annex I to Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 for which the specific risk capital charge is no higher than 1.6%, but excluding other qualifying items as defined in point 15 of that Annex, or(b) UCITS which invests solely in assets as specified in paragraph (a);
"users' funds" means funds that have been received by an electronic money or payment institution from payment service users or through another payment service provider for the execution of payment transactions.
(2) An electronic money institution that is engaged in payment services that are not related to the issuance of electronic money shall safeguard users' funds in either of the following ways:
(i) shall not be mixed at any time with the funds of any person other than the payment
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