Section 32(1)

Subject to paragraphs (2), (3) and (4), electronic money institutions may, in addition to issuing electronic money, engage in the following activities— the provision of payment services; the provision of operational and closely related ancillary services, including— ensuring the execution of payment transactions; foreign exchange services; safe-keeping activities; and the storage and processing of data; the operation of payment systems; and business activities other than the issuance of electronic money, subject to any relevant ... national law.

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Source: legislation.gov.uk · retrieved 2026-09-04