OpenLegislation

Paragraph 2

Original text. Later amendments are not shown.

(1)

Regulation 2 (interpretation) is amended as follows.

(2)

In paragraph (1)—

(a)

omit the definition of “the capital requirements directive”;

(b)

in the definition of “credit institution”—

(i)

for “within the EEA” substitute “in the United Kingdom”;

(ii)

for the words from “outside the EEA” to the end substitute “outside the United Kingdom”;

(c)

omit the definitions of—

  • “the EEA”;

  • “EEA agent”;

  • “EEA authorised electronic money institution”;

  • “EEA branch”;

(d)

omit the definition of “the electronic money directive”;

(e)

in the definition of “electronic money issuer”—

(i)

omit paragraph (c);

(ii)

for paragraph (f) substitute—

“(f)

the Bank of England, when not acting in its capacity as a monetary authority or other public authority;”;

(f)

omit the definitions of—

  • “European Banking Authority”;

  • “home state competent authority”;

  • “host state competent authority”;

(g)

omit the definition of “the money laundering directive”;

(h)

omit the definition of “passport right”;

(i)

omit the definition of “the payment services directive”;

(j)

in the definition of “payment transaction”, for “Article 4(5) of the payment services directive” substitute “regulation 2(1) of the Payment Services Regulations 2017f1”.

(3)

Omit paragraph (3).

Annotations

Footnotes

f1

S.I. 2017/752.