Paragraph 14 I1I2

Section 303Z1 (application for account freezing order) is amended as follows.

In subsection (1), for “bank or building society” substitute “ relevant financial institution ”.

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In subsection (6), at the appropriate places insert—

““electronic money institution” has the same meaning as in the Electronic Money Regulations 2011 (S.I. 2011/99) (see regulation 2 of those Regulations);”, and

““payment institution” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (S.I. 2017/752));”.