http://www.legislation.gov.uk/uksi/2011/99/regulation/27The Electronic Money Regulations 2011texttext/xmlenStatute Law DatabaseFINANCIAL SERVICES AND MARKETS2024-06-19Expert Participation2024-01-04 These Regulations implement Directive 2009/110/EC of the European Parliament and of the Council of 16th September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions (“the Directive”) (OJ No L 275, 27.10.2000, p.39). PART 3PRUDENTIAL SUPERVISION <CommentaryRef Ref="key-fe56a35ba06783990df7f5a8a8b2c896"/>...<Emphasis>Safeguarding</Emphasis>Record keeping271Electronic money institutions must maintain relevant records and keep them for at least five years from the date on which the record was created.2For 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.Words in Pt. 3 heading omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 6 (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1)
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PRUDENTIAL SUPERVISION
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...
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<Text>
Words in Pt. 3 heading omitted (31.12.2020) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1201" id="d9e5" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1201" Title="The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018">The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201)</Citation>
,
<CitationSubRef id="cc167547911828" CitationRef="d9e5" URI="http://www.legislation.gov.uk/id/uksi/2018/1201/regulation/1/3" SectionRef="regulation-1-3">reg. 1(3)</CitationSubRef>
,
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(with
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,
<CitationSubRef id="cc148118703125" CitationRef="d9e5" URI="http://www.legislation.gov.uk/id/uksi/2018/1201/schedule/3/part/1" SectionRef="schedule-3-part-1">Sch. 3 Pt. 1</CitationSubRef>
) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2019/405" id="d9e21" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="405">S.I. 2019/405</Citation>
,
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,
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and as amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2019/1010" id="d9e30" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="1010">S.I. 2019/1010</Citation>
,
<CitationSubRef id="cc104292093276" CitationRef="d9e30" URI="http://www.legislation.gov.uk/id/uksi/2019/1010/regulation/1/3" SectionRef="regulation-1-3">regs. 1(3)</CitationSubRef>
,
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;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2019/1212" id="d9e40" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="1212">S.I. 2019/1212</Citation>
,
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,
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and
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/56" id="d9e49" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="56">S.I. 2020/56</Citation>
,
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,
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);
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="d9e59" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>
,
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</Text>
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