# The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2002, Article 2: Definition of “electronic money”


In article 3(1) of the principal Order (interpretation), after the definition of “deposit” insert—
““electronic money” means monetary value, as represented by a claim on the issuer, which is—
(a) stored on an electronic device;
(b) issued on receipt of funds; and
(c) accepted as a means of payment by persons other than the issuer;”.

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Source: https://www.legislation.gov.uk/uksi/2002/682/article/2 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-amendment-order-2002/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.