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