{
  "url": "https://openlegislation.uk/electronic-money-regulations-2011/schedule-4/paragraph-21",
  "json_url": "https://openlegislation.uk/electronic-money-regulations-2011/schedule-4/paragraph-21.json",
  "legislation": "uksi/2011/99",
  "legislation_title": "The Electronic Money Regulations 2011",
  "legislation_url": "https://openlegislation.uk/electronic-money-regulations-2011",
  "path": "schedule/4/paragraph/21",
  "kind": "paragraph",
  "number": "21",
  "heading": "The Payment Services Regulations 2009",
  "text": "The Payment Services Regulations 2009 are amended as follows—\n(a) in regulation 2(1)—\n(i) in the definition of “the banking consolidation directive”, at the end insert “ as last amended by Directive 2009/111/EC ”;\n(ii) in the definition of “credit institution”, for “Article 4(1)(a)” substitute “ Article 4(1) ”;\n(iii) for the definition of “the electronic money directive” substitute—\n““the electronic money directive” means Directive 2009/110/EC of the European Parliament and of the Council of 16th September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions;”;\n(iv) in the definition of “electronic money institution”, for “Article 1(3)(a)” substitute “ Article 2(1) ”; and\n(v) in the definition of “funds”, for “Article 1(3)(b)” substitute “ Article 2(2) ”;\n(b) in regulation 13(4)(e), after “these Regulations” insert “ or the Electronic Money Regulations 2011 ”;\n(c) in regulation 53(3), for “Article 1(3)(b)” substitute “ Article 2(2) ”; and\n(d) in regulation 110(1) , for sub-paragraph (e) substitute—\n“(e) an electronic money institution which for the purposes of the Electronic Money Regulations 2011 is—\n(i) registered in the United Kingdom as an authorised electronic money institution or a small electronic money institution; or\n(ii) an EEA authorised electronic money institution exercising passport rights in the United Kingdom or treated as such by virtue of regulation 75 of those Regulations;”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2009/209."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Regulation 110 was amended by S.I. 2009/2475."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/99/schedule/4/paragraph/21",
    "retrieved_at": "2026-10-29T02:19:56.724638+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}