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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 April 2011 - onwards
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Schedule, Part 2 Amendment of European Communities (Licensing and Supervision of Credit Institutions) Regulations 1992

Regulation 80.

Item

Provision amended

Amendment

1

Regulation 2

Substitute for the definition of “credit institution” the following: “ ‘credit institution’ means an undertaking the business of which is to receive deposits or other repayable funds from the public and to grant credits for its own account;”.

2

Regulation 2

Substitute for the definition of “financial institution” the following: “ ‘financial institution’ means an undertaking, other than a credit institution, the principal activity of which is to acquire holdings or to pursue one or more of the activities listed in points 2 to 12 and 16 of the Schedule;”.

3

Schedule

The Schedule is amended by inserting, after item 15, the following: “16. Issuing electronic money.”.

 

Comparing proposed amendment...