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 institutionF2, 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.

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 F32017 F4and “electronic money institution” and “EEA authorised electronic money institution” have the meanings given in the Electronic Money Regulations 2011.