# Regulation (EC) No 1489/2007 of the European Central Bank of 29 November 2007 amending Regulation (EC) No 2423/2001 (ECB/2001/13) concerning the consolidated balance sheet of the monetary financial institutions sector (ECB/2007/18), Article 1

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

Regulation (EC) No 2423/2001 (ECB/2001/13) is amended as follows:
1.. in Article 1, the following paragraph is added:
‘For the purposes of this Regulation, the terms “electronic money institution” and “electronic money” shall have the same meaning as in Article 1(3) of Directive 2000/46/EC of the European Parliament and of the Council of 18 September 2000 on the taking up, pursuit of and prudential supervision of the business of electronic money institutions.’;
2.. in Article 2, the following paragraph 4 is added:
‘4. Without prejudice to Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) and Article 2 of Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9), NCBs may, subject to the conditions specified in paragraphs 2 to 4 of Annex III, grant derogations to individual electronic money institutions. The NCBs shall check the fulfilment of the conditions laid down in paragraph 2 of Annex III in good time in order to grant or withdraw, if necessary, any derogation. Any NCB that grants such a derogation shall inform the ECB thereof.’
3.. Annex I is amended in accordance with Annexes I and II to this Regulation.
4.. Annex III is replaced by the text set out in Annex III to this Regulation.
5.. Annex V is amended in accordance with Annex IV to this Regulation.

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Source: https://www.legislation.gov.uk/eur/2007/1489/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-1489/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.