Introductory Text
PART I PRELIMINARY
1. Citation, commencement and interpretation
PART II ELECTRONIC MONEY
Amendments of the principal Order
2. Definition of “electronic money”
3. Sums received in exchange for electronic money not to constitute deposits
4. Issuing electronic money: the specified activity
5. Agreeing to issue electronic money not to be a regulated activity
6. Electronic money: the specified investment
Supplemental and transitional provisions
7. Amendment of the Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001
8. Variation of threshold condition
9. Transitional provisions for persons issuing electronic money at commencement
10. Anticipatory consultation on rules
PART III MISCELLANEOUS AMENDMENTS OF THE PRINCIPAL ORDER
11. Specified activities: disapplication of exclusions in relation to investment firms
12. Accepting deposits: sums received in consideration for the issue of debt securities
13. Sending dematerialised instructions
Signature
Explanatory Note