ELM 5.1 Application
The effect of ELM 1.1.1 R to ELM 1.1.3 R is that:
- (1)
this chapter applies to ELMIs;
- (2)
ELM 5.4 applies to a bank or building society that is an e-money firm;
- (3)
none of this chapter applies to:
- (a)
an incoming EEA firm; or
- (b)
- (a)