funds

Definition of funds from Directive (EU) 2015/2366, Article 4, point (25).

Defined term	funds
Source	PSD2
Reference	Article 4, point (25)
Status	Published
Refresh rule	Regenerate after source legal-text changes

Definition

(25) 'funds' means banknotes and coins, scriptural money or electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC;

Source

PSD2, Article 4, point (25).

Referenced Definitions

EMD2, Article 2, point (2):

(2) 'electronic money' means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;

Open electronic money definition page

Used In MiCA

• Article 2
• Article 10
• Article 14
• Article 22
• Article 35
• Article 37
• Article 39
• Article 43
• Article 45
• Article 49
• Article 54
• Article 140
• Article 141
• Article 60
• Article 62
• Article 64
• Article 66
• Article 67
• Article 70
• Article 76
• Article 77
• Article 119
• Article 120
• Article 137