Search Legislation

The Electronic Money Regulations 2011

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 16

 Help about opening options

Version Superseded: 13/08/2017

Status:

Point in time view as at 09/02/2011. This version of this provision has been superseded. Help about Status

Changes to legislation:

The Electronic Money Regulations 2011, Section 16 is up to date with all changes known to be in force on or before 30 October 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

Application to become an authorised electronic money institution where a financial limit is exceededU.K.

This section has no associated Explanatory Memorandum

16.  Where a small electronic money institution ceases to comply with a condition referred to in regulation 8(2)(c) or (d) (as applied by regulation 15), the institution concerned must, within 30 days of becoming aware of the change in circumstances, apply to become an authorised electronic money institution under regulation 5 if it intends to continue issuing electronic money in the United Kingdom.

Back to top

Options/Help