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EEA Branch (in relation to Credit Institutions)
European Economic Area (EEA) refers to the Member States of the EU and Norway, Liechtenstein and Iceland. An EEA Branch is an entity authorised in another member state of the EEA and operating in the State on a branch basis.
EEA Branch (in relation to Insurance entities)
The covering of a risk by an insurance undertaking in a Member State through a Branch situated in that State
EEA Branch-EEA Cross Border
An entity which provides services both on a branch basis within the State and also on a cross border basis
EEA Cross Border (in relation to Insurance entities)
The covering of a risk by an insurance undertaking in a Member State through a head-office or branch situated in another Member State.
Electronic Money Institution
An institution which issues electronic money. Electronic money means monetary value as represented by a claim on the issuer which is:
a) stored on an electronic device;
b) issued on receipt of funds of an amount not less in value than the monetary value issued; or
c) accepted as means of payment by undertakings other than the issuer.




