- (1) (except in REC):
- (a) has the meaning in article 4(1)(1) of the EU CRR; or
- (b) [deleted]
- (c) [deleted]
- (d) [deleted]
- (2) (in REC and in SUP 11 (Controllers and close links) and SUP 16 (Reporting requirements)):
- (a) a credit institution authorised under the CRD; or
- (3) (in relation to the definition of electronic money issuer) a credit institution as defined by (1)(a) and includes a branch of the credit institution within the meaning of article 4(1)(17) of the EU CRR which is situated within the EEA and which has its head office in a territory outside the EEA in accordance with article 47 of the CRD.