4(1)Paragraph 10Q (application for account freezing order) is amended as follows.U.K.
(2)In sub-paragraph (1), for “bank or building society” substitute “ relevant financial institution ”.
(3)After that sub-paragraph insert—
“(1A)In this Part of this Schedule, “relevant financial institution” means—
(a)a bank,
(b)a building society,
(c)an electronic money institution, or
(d)a payment institution.”
(4)In sub-paragraph (7), at the appropriate places insert—
““electronic money institution” has the same meaning as in the Electronic Money Regulations 2011 (S.I. 2011/99) (see regulation 2 of those Regulations);””, and
““payment institution” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (S.I. 2017/752));”.