Electronic Money Regulations 2011U.K.
This section has no associated Explanatory Memorandum
13. In regulation 21(7) of the Electronic Money Regulations 2011 M1 (safeguarding option 1), in the definition of “authorised custodian”—
(a)for “Directive 2004/39/EC” substitute “ Directive 2014/65/EU ”;
(b)for “Article 13” substitute “ Article 16 ”.
Marginal Citations
M1S.I. 2011/99; there are amendments to regulation 21(7) but none is relevant.