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ELM 6.1 Application

ELM 6.1.1G

The effect of ELM 1.1.1 R to ELM 1.1.3 R is that this chapter:

  1. (1)

    does not apply to an incoming EEA firm or incoming Treaty firm carrying on business in the United Kingdom on a cross-border services basis only;

  2. (2)

    applies to all other e-money firms.

ELM 6.1.2R

This chapter applies only in relation to e-money issued in the course of the regulated activity of issuing e-money carried on from an establishment maintained by the firm in the United Kingdom, unless ELM 6.10.1 R provides otherwise.