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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

electronic money issuer

      1. (1) 71159(except in DISP, FEES 5.5A, FEES 7A and FEES 7B140128) any of the following persons when they issue electronic money:
        1. (a) authorised electronic money institutions;
        1. (b) small electronic money institutions;
        1. (c) [deleted]137
        1. (d) credit institutions;
        1. (e) the Post Office Limited;
        1. (f) the Bank of England,137 when not acting in its137 capacity as a monetary authority or other public authority;
        1. (g) government departments and local authorities when acting in their capacity as public authorities;
        1. (h) credit unions;
        1. (i) municipal banks;
        1. (j) the National Savings Bank.
        [Note: article 2(3) of the Electronic Money Directive]
      1. (2) (in DISP and FEES 5.5A)68160 as in (1) but:
        1. (a) excluding credit institutions, credit unions and municipal banks; and
        1. (b) including a person who meets the conditions set out in regulation 75(1) or regulation 76(1) of the Electronic Money Regulations.
      1. (3) (in FEES 7A and FEES 7B140) as in (1) but excluding:128
        1. (a) the Bank of England, the European Central Bank and the national central banks of EEA States other than the United Kingdom, when not acting in their capacity as a monetary authority or other public authority; and128
        1. (b) government departments and local authorities when acting in their capacity as public authorities.128