Directive 2006/48/EC is hereby amended as follows:

1. 1.

   Article 4 is amended as following:

   1. (a)

      point 1 is replaced by the following:

      1. ‘1.

         “credit institution” means an undertaking the business of which is to receive deposits or other repayable funds from the public and to grant credits for its own account;’

   2. (b)

      point 5 is replaced by the following:

      1. ‘5.

         “financial institution” means an undertaking other than a credit institution, the principal activity of which is to acquire holdings or to pursue one or more of the activities listed in points 2 to 12 and 15 of Annex I.’;

2. 2.

   the following point is added to Annex I:

   1. ‘15.

      Issuing electronic money.’.