The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 No. 544

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PART II U.K. SPECIFIED ACTIVITIES

Chapter II U.K. Accepting Deposits

Exclusions U.K.

[F1 Funds received for payment services U.K.

9AB.— (1) A sum is not a deposit for the purposes of article 5 if it is received by an authorised payment institution, an EEA authorised payment institution [F2 or a small payment institution] [F2 , a small payment institution, an electronic money institution or an EEA authorised electronic money institution] from a payment service user with a view to the provision of payment services.

(2) For the purposes of paragraph (1), “authorised payment institution”, “EEA authorised payment institution”, “small payment institution”, “payment services” and “payment service user” have the meanings given in the Payment Services Regulations 2009 [F3 and “electronic money institution” and “EEA authorised electronic money institution” have the meanings given in the Electronic Money Regulations 2011.]]

Textual Amendments

F1 Art. 9AB inserted (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), reg. 1(2)(c), Sch. 6 para. 4(a)

F2 Words in art. 9AB(1) substituted (9.2.2011 for specified purposes) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 1(2), Sch. 4 para. 12(b)(i) (with reg. 3)

F3 Words in art. 9AB(2) inserted (9.2.2011 for specified purposes) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 1(2), Sch. 4 para. 12(b)(ii) (with reg. 3)