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The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017

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Electronic Money Regulations 2011

This section has no associated Explanatory Memorandum

13.  In regulation 21(7) of the Electronic Money Regulations 2011(1) (safeguarding option 1), in the definition of “authorised custodian”—

(a)for “Directive 2004/39/EC” substitute “Directive 2014/65/EU”;

(b)for “Article 13” substitute “Article 16”.

(1)

S.I. 2011/99; there are amendments to regulation 21(7) but none is relevant.

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