# The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018, Paragraph 2


(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 2017”.
(3) Omit paragraph (3).

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173008/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/draft-electronic-money-payment-services-and-payment-systems-amendment-and-transitional-provisions-eu-exit-regulations-2018/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.