fee-paying electronic money issuer
- (d) a full credit institution, including a branch of the full credit institution within the meaning of article 4(3) of the BCD 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 BCD;
- (e) the Post Office Limited;
- (f) the Bank of England, when not acting in its capacity as a monetary authority or carrying out functions of a public nature;
- (g) government departments and local authorities, when carrying out functions of a public nature;
- (h) a credit union;
- (i) a municipal bank; and
- (j) the National Savings Bank.
A full credit institution that is an EEA firm is only a fee-paying electronic money issuer if it is exercising an EEA right in accordance with Part II of Schedule 3 to the Act (Exercise of passport rights by EEA firms) to issue electronic money in the United Kingdom. An EEA authorised electronic money institution is only a fee-paying electronic money issuer if it is exercising a right under Article 3 of the Electronic Money Directive to issue electronic money in the United Kingdom.