{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2009-10-10","gaps":[],"covered":["EMD L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","release_published":"2026-11-10T16:06:46Z","checked_at":"2026-11-09","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/emd/articles/20","url":"https://www.headlesslaw.com/emd/articles/20","title":"Article 20 — Amendments to Directive 2006/48/EC","family":"l1_generated","work_id":"emd","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-11","applies_from":null,"application":null,"version_label":"Consolidated version of 13 January 2018","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113","valid_from":"2018-01-13","valid_until":null,"revision":1,"content_id":"ed90d8bbde479ae1","change_date":null,"nearest_versions":["2018-01-13"],"first_text_date":"2009-09-16","correction_applies":false,"versions":["2018-01-13"],"version_url":"https://www.headlesslaw.com/emd/articles/20/versions/2018-01-13","revision_url":"https://www.headlesslaw.com/emd/articles/20/versions/2018-01-13/rev/ed90d8bbde479ae1","versions_url":"https://www.headlesslaw.com/emd/articles/20/versions","relations_url":"https://www.headlesslaw.com/emd/articles/20/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"body_sha256":"6deaecd91b763b30968250d8d05de76b98f7ef2747167519497528a8b01afdb0","markdown_sha256":"79b77f13e23e78769296a78c1ad9c531fd298f6ba43e294a1ca7e4bc19fc2020"},"units":[{"locator":"emd/art/20","kind":"article","status":"in_force","label":null,"heading":"Amendments to Directive 2006/48/EC","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"emd/art/20/subpara/1","kind":"subparagraph","status":"in_force","label":null,"heading":null,"text":"Directive 2006/48/EC is hereby amended as follows:","marks":[],"revision":1,"text_hash":"e351991b53fc6f222d565f3bdf318a3ed8393e10dfd79bb52fd69ed4cf214e3b","reason":null},{"locator":"emd/art/20/subpara/1/pt/1","kind":"point","status":"in_force","label":"(1)","heading":null,"text":"Article 4 is amended as following:","marks":[],"revision":1,"text_hash":"e77aca4ce5259edb5c6e9005d87babfafb83efd4ad4d6f47fac5d55df3f80b38","reason":null},{"locator":"emd/art/20/subpara/1/pt/1/subpt/a","kind":"subpoint","status":"in_force","label":"(a)","heading":null,"text":"point 1 is replaced by the following:","marks":[],"revision":1,"text_hash":"aa9adf3efaba244c0f73c8d813525f3205d34b53b0f7a00a0adcafa94b168010","reason":null},{"locator":"emd/art/20/subpara/1/pt/1/subpt/a/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"“credit institution” means an undertaking the business of which is to receive deposits or other repayable funds from the public and to grant credits for its own account;’","marks":[],"revision":1,"text_hash":"387b7ce3003582a27f870638eab9400237a1f96aa142917ff7578d5cf9940082","reason":null},{"locator":"emd/art/20/subpara/1/pt/1/subpt/b","kind":"subpoint","status":"in_force","label":"(b)","heading":null,"text":"point 5 is replaced by the following:","marks":[],"revision":1,"text_hash":"b0ebb131f208a5297aae67a9d37cac6496c6b34628fbb531744f6deec3255a78","reason":null},{"locator":"emd/art/20/subpara/1/pt/1/subpt/b/para/5","kind":"paragraph","status":"in_force","label":"5.","heading":null,"text":"“financial institution” means an undertaking other than a credit institution, the principal activity of which is to acquire holdings or to pursue one or more of the activities listed in points 2 to 12 and 15 of Annex I.’;","marks":[],"revision":1,"text_hash":"ef43f6c62cce2c6039027f66102f19ad09546aab9109368dab7ec7aeb48744ab","reason":null},{"locator":"emd/art/20/subpara/1/pt/2","kind":"point","status":"in_force","label":"(2)","heading":null,"text":"the following point is added to Annex I:","marks":[],"revision":1,"text_hash":"799b443608a990f45b208617d6877c74dab44206839a26e2f80d64e21dd169ad","reason":null},{"locator":"emd/art/20/subpara/1/pt/2/para/15","kind":"paragraph","status":"in_force","label":"15.","heading":null,"text":"Issuing electronic money.’.","marks":[],"revision":1,"text_hash":"86dba27b88b5640a0d1c68a62c4997a7d071eed8e68333b3bfa3feb23f2fd681","reason":null}],"markdown":"*In force · Consolidated version of 13 January 2018 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113)*\n\nDirective 2006/48/EC is hereby amended as follows:\n\n<a id=\"p-1\"></a>**1.** Article 4 is amended as following:\n\n<a id=\"p-1-a\"></a>**(a)** point 1 is replaced by the following:\n\n**‘1.** “credit institution” means an undertaking the business of which is to receive deposits or other repayable funds from the public and to grant credits for its own account;’\n\n<a id=\"p-1-b\"></a>**(b)** point 5 is replaced by the following:\n\n**‘5.** “financial institution” means an undertaking other than a credit institution, the principal activity of which is to acquire holdings or to pursue one or more of the activities listed in points 2 to 12 and 15 of Annex I.’;\n\n<a id=\"p-2\"></a>**2.** the following point is added to Annex I:\n\n**‘15.** Issuing electronic money.’.\n\n***\n\n[Title IV — Final provisions and implementing measures](../titles/iv.md) · [← Article 19](19.md) · [Article 21 →](21.md)\n"}