S.L. 376.4 чл. 2Interpretation. Cap. 376.

(1) Deleted by Legal Notice 71 of 2020.

(2) For the purposes of these regulations, unless the context otherwise requires:

"the Act" means the Financial Institutions Act; "business day" means a day on which the relevant payment service provider or electronic money issuer of the payer or the payment service provider or electronic money issuer of the payee involved in the execution of a payment transaction is open for business as required for the execution of a payment transaction; "electronic money institution" means a financial institution issuing electronic money in terms of the Third Schedule to the Act; "financial institution" means a payment institution as defined in these regulations and, or an electronic money institution; "funds" mean banknotes and coins, scriptural money and electronic money as defined in the Act; "payment institution" means a financial institution providing payment services as referred to in paragraphs 2(a) to (f) of the Second Schedule to the Act;

"Payment Services Directive" means Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/ EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/ 2010, and repealing Directive 2007/64/EC, as may be amended from time to time and includes any implementing measures, implementing technical standards, regulatory technical standards and similar measures that have been or may be issued thereunder; "the Commission Delegated Regulation" means the Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for credit institutions, as amended from time to time;

(3) Deleted by Legal Notice 71 of 2020.

(4) Words and expressions used in these regulations which are also used in the Act, but which are not defined herein, shall have the same meaning as in the Act.

Part 2

General