+Article 20 Amendments to Directive 2006/48/EC

Article 20 Amendments to Directive 2006/48/EC

Article 20

Amendments to Directive 2006/48/EC

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

1. 

Article 4 is amended as following:

(a) 

point 1 is replaced by the following:

‘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;’

(b) 

point 5 is replaced by the following:

‘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.’;

2. 

the following point is added to Annex I:

‘15. 

Issuing electronic money.’.

1. Prezentare generală

,

1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe

3. Standarde asociate

Standarde