# Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC (Text with EEA relevance), Article 20: Amendments to Directive 2006/48/EC

Extent: E+W+S+N.I.

Directive 2006/48/EC is hereby amended as follows:
1.. Article 4 is amended as following:
(a) point 1 is replaced by the following:
1.. ‘“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;’
(b) point 5 is replaced by the following:
5.. ‘“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 15 of Annex I.’;
2.. the following point is added to Annex I:
15.. ‘Issuing electronic money.’.

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Source: https://www.legislation.gov.uk/eudr/2009/110/article/20 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-110/article-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.