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fee-paying electronic money issuer

      1. 73
        1. any of the following when they issue electronic money:
          1. (a) an authorised electronic money institution;
          1. (b) a small electronic money institution;
          1. (c) an EEA authorised electronic money institution;
          1. (d) a full credit institution, including a branch of the full credit institution within the meaning of article 4(17) of the EU CRR which is situated within the EEA and which has its head office in a territory outside the EEA in accordance with article 47 of the EU CRR;
          1. (e) the Post Office Limited;
          1. (f) the Bank of England, when not acting in its capacity as a monetary authority or carrying out functions of a public nature;
          1. (g) government departments and local authorities, when carrying out functions of a public nature;
          1. (h) a credit union;
          1. (i) a municipal bank; and
          1. (j) the National Savings Bank.
        1. 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.