PART II ELECTRONIC MONEY

Amendments of the principal Order

Sums received in exchange for electronic money not to constitute deposits

3.—(1) In paragraph (2) of article 5 of the principal Order (accepting deposits), for “articles 6 to 9” substitute “articles 6 to 9A”.

(2) After article 9 of the principal Order insert—

“Sums received in exchange for electronic money

9A.   A sum is not a deposit for the purposes of article 5 if it is immediately exchanged for electronic money.”