Status: You are viewing the version of the handbook as on 2007-10-31.

electronic money

    The investment, specified in article 74A of the Regulated Activities Order (Electronic money), which is monetary value, as represented by a claim on the issuer, which is:

      1. (a) stored on an electronic device;
      1. (b) issued on receipt of funds; and
      1. (c) accepted as a means of payment by persons other than the issuer.5