credit institution
- (2) (in REC and in SUP 11 (Controllers and close links) and SUP 16 (Reporting requirements)):5286
- (a) a credit institution authorised under the Banking Consolidation Directive; or52
- (b) an institution which would satisfy the requirements for authorisation as a credit institution under the Banking Consolidation Directive if it had its registered office (or if it does not have a registered office, its head office) in an EEA State.52
- (3) (in relation to the definition of electronic money issuer) a credit institution as defined by (1)(a) and includes a branch of the credit institution within the meaning of Article 4(3) of the Banking Consolidation Directive which is situated within the EEA and which has its head office in a territory outside the EEA in accordance with Article 38 of the Banking Consolidation Directive.123292
(1) (except in REC) 52(in accordance with articles 4(1) and 10748 of the BCD):48
(see also BCD credit institution, full credit institution, full BCD credit institution and Zone A credit institution.)