Status: You are viewing the version of the handbook as on 2019-04-01.

electronic money issuer

      1. (1) 71145(except in DISP, FEES 5.5A, FEES 7A and FEES 7B138128) any of the following persons when they issue electronic money:
        1. (a) authorised electronic money institutions;
        1. (b) small electronic money institutions;
        1. (c) EEA authorised electronic money institutions;
        1. (d) credit institutions;
        1. (e) the Post Office Limited;
        1. (f) 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;
        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)68146 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 7B138) 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