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The Regulation of Electronic Money Institutions in the United Kingdom

Bamodu, OO (2003) 'The Regulation of Electronic Money Institutions in the United Kingdom.' Journal of Information Law & Technology, 2003 (2). ISSN 1361-4169

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Abstract

The Electronic Money Directives of the European Union, concerned with the regulation and prudential supervision of electronic money institutions, have now been implemented in the United Kingdom. The implementing provisions are found in a number of disparate legislative instruments. This article identifies the various legislative instruments concerned and articulates the key elements of the regulatory regime that is established. It also considers some of the potential difficulties in the way of achieving the objectives of the regulatory regime, particularly enhancing consumer confidence in e-money products which are compared with the use of credit and debit cards as means of payment for e-commerce transactions.

Item Type: Article
Uncontrolled Keywords: Electronic Money; Electronic Money Issuers; Electronic Money Directive; Directive 2000/28/EC; The Financial Services and Markets Act 2000; Sourcebook for Electronic Money Issuers; Regulated Activities Order; Consumer Credit Act 1974; FSA Consultation Paper 172.
Subjects: J Political Science > JX International law
K Law > K Law (General)
Divisions: Faculty of Humanities > Law, School of
Depositing User: Jake Newell
Date Deposited: 10 Feb 2015 20:01
Last Modified: 17 Aug 2017 17:40
URI: http://repository.essex.ac.uk/id/eprint/12805

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