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Financial Services and Markets Act 2023

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There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 58. Help about Changes to Legislation

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58U.K.In regulation 54 (injunctions)—

(a)omit “or” at the end of paragraph (1)(a);

(b)after paragraph (1)(b) insert—

(c)that there is a reasonable likelihood that an electronic money institution will contravene a requirement imposed on it by or under section 312R of the 2000 Act; or

(d)that an electronic money institution has contravened such a requirement and that there is a reasonable likelihood that the contravention will continue or be repeated,;

(c)in paragraph (2)(a) after “Regulations” insert “or an electronic money institution has contravened a requirement imposed on it by or under section 312R of the 2000 Act”;

(d)in the words after paragraph (2)(b), after “that person” insert “or institution”;

(e)omit “or” at the end of paragraph (3)(a);

(f)after that paragraph insert—

(aa)in the case of an electronic money institution, contravened a requirement imposed on it by or under section 312R of the 2000 Act; or;

(g)in paragraph (3)(b) for “such a requirement” substitute “a requirement described in sub-paragraph (a) or (aa)”.

Commencement Information

I1Sch. 2 para. 58 not in force at Royal Assent, see s. 86(3)

I2Sch. 2 para. 58 in force at 29.8.2023 by S.I. 2023/779, reg. 4(zz)(iv)

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