In an interview with Erwin Boogert of Planet Multimedia, Commissioner Liikanen states that the Commission aims to clarify the interpretation of electronic money before the summer (see this article and this interview). The rest of the article states that it is unclear what Vodafone's role is. But the FSA website shows that Vodafone Ltd and Vodafone Mobile Commerce Ltd are a certified small e-money issuer in the United Kingdom.
