(9)This Directive should lay down rules on the execution of payment transactions where the funds are electronic money, as defined in Article 1(3)(b) of Directive 2000/46/EC. This Directive should, however, neither regulate issuance of electronic money nor amend the prudential regulation of electronic money institutions as provided for in Directive 2000/46/EC. Therefore, payment institutions should not be allowed to issue electronic money.
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New version applies from 07/12/2009 — introduced by Directive 2009/111/EC (CRD).
64 provisions change.
Recital 9 changes in this version: compare with the current text.