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The Electronic Money Regulations 2011
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The Electronic Money Regulations 2011, Section 27 is up to date with all changes known to be in force on or before 03 March 2025. 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.
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Changes and effects yet to be applied to Regulation 27:
- Regulations power to amend conferred by 2021 c. 22 s. 23
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Record keepingU.K.
This section has no associated Explanatory Memorandum
27.—(1) Electronic money institutions must maintain relevant records and keep them for at least five years from the date on which the record was created.
(2) For the purposes of paragraph (1), records are relevant where they relate to the institution's compliance with this Part and, in particular, would enable the Authority to supervise effectively such compliance.
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