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Text as of 13 Jan 2018 · Consolidated version of 13 January 2018 · Same wording as today’s text.Today’s text

Article 20 — Amendments to Directive 2006/48/EC

Financial servicesLevel 1DirectiveEMDIn forceVerifiedOfficial source

Directive 2006/48/EC is hereby amended as follows:

20(1)
1.Article 4 is amended as following:
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20(1)(a)
(a)point 1 is replaced by the following:
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‘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;’

20(1)(b)
(b)point 5 is replaced by the following:
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‘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.’;

20(2)
2.the following point is added to Annex I:
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‘15. Issuing electronic money.’.