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AI Summary of Article 38 Amendments to Directive (EU) 2015/849

Version status: Applicable | Document consolidation status: No known changes
Version date: 30 December 2024 - onwards
Version 3 of 3

Article 38 Amendments to Directive (EU) 2015/849

Directive (EU) 2015/849 is amended as follows:

(1) in Article 2(1), point (3), points (g) and (h) are deleted;

(2) Article 3 is amended as follows:

(a) in point (2), the following point is added:

'(g) crypto-asset service providers;';

(b) point (8) is replaced by the following:

'(8) 'correspondent relationship' means:

(a) the provision of banking services by one bank as the correspondent to another bank as the respondent, including providing a current or other liability account and related services, such as cash management, international funds transfers, cheque clearing, payable-through accounts and foreign exchange services;

(b) the relationships between and among credit institutions and financial institutions, including where similar services are provided by a correspondent institution to a respondent institution, and including relationships established for securities transactions or funds transfers or relationships established for transactions in crypto-assets or transfers of crypto-assets;';

(c) points 18 and 19 are replaced by the following: