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The Electronic Money Regulations 2011

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Changes over time for: Section 8

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Changes to legislation:

The Electronic Money Regulations 2011, Section 8 is up to date with all changes known to be in force on or before 04 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Variation etc at request of an authorised electronic money institutionU.K.

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8.  The Authority may, on the application of an authorised electronic money institution, vary the person's authorisation by—

(a)imposing a requirement such as may, under regulation 7, be included in an authorisation;

(b)cancelling a requirement included in the authorisation or previously imposed under paragraph (a); or

(c)varying such a requirement,

provided that [F1the Authority is satisfied that] the conditions set out in regulation 6(4) to (8), and the requirement in regulation 19(1) to maintain own funds, [F2are being or are likely to be met].

Textual Amendments

F1Words in reg. 8 inserted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(c)(iii)(3)(f)(i)(6), Sch. 8 para. 5(7)(a) (with reg. 3)

F2Words in reg. 8 substituted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(c)(iii)(3)(f)(i)(6), Sch. 8 para. 5(7)(b) (with reg. 3)

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