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  1. Point in time
    2006-07-06

electronic money

The investment, specified in article 74A of the Regulated Activities Order (Electronic money), which is monetary value, as represented by a claim on the issuer, which is:

  1. (a) stored on an electronic device;
  2. (b) issued on receipt of funds; and
  3. (c) accepted as a means of payment by persons other than the issuer.5