electronic money institution (ELMI)

What is electronic money institution (ELMI)?

electronic money institution (ELMI) definition and meaning on Finance terms:
A term used in EU legislation to designate credit institutions which are governed by a simplified regulatory regime because their activity is limited to the issuance of electronic money and the provision of financial and non-financial services closely related to the issuance of electronic money. <


reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html