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: