SCHEDULES
SCHEDULE 2Transitional amendments
PART 6Amendments relating to critical third parties
I1I258
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)”
.