# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 9AB: Funds received for payment services

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

(1) A sum is not a deposit for the purposes of article 5 if it is received by an authorised payment institution, an EEA authorised payment institution, a small payment institution, an electronic money institution or an EEA authorised electronic money institution from a payment service user with a view to the provision of payment services.
(2) For the purposes of paragraph (1), “authorised payment institution”, “EEA authorised payment institution”, “small payment institution”, “payment services” and “payment service user” have the meanings given in the Payment Services Regulations 2017 and “electronic money institution” and “EEA authorised electronic money institution” have the meanings given in the Electronic Money Regulations 2011.

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/9AB (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-9AB
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.