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The Electronic Money Regulations 2011

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Changes over time for: Section 23

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Point in time view as at 13/10/2017.

Changes to legislation:

The Electronic Money Regulations 2011, Section 23 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

Power of the Authority to exclude assetsU.K.

This section has no associated Explanatory Memorandum

23.  In exceptional circumstances the Authority may determine that an asset that would otherwise be secure and low-risk for the purposes of paragraph (2) of regulation 21 by virtue of paragraph (6) of that regulation is not such an asset provided that—

(a)the determination is based on an evaluation of the risks associated with the asset, including any risk arising from the security, maturity or value of the asset; and

(b)there is adequate justification for the determination.

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