PART 6THE AUTHORITY

Supervision and enforcement

Reporting requirements49.

(1)

An electronic money issuer must give the Authority such information in respect of its issuance of electronic money and provision of payment services and its compliance with requirements imposed by or under Parts 2 to 5 of these Regulations as the Authority may direct.

(2)

Information required under this regulation must be given at such times and in such form, and verified in such manner, as the Authority may direct.

F1(3)

A direction under this regulation must specify the purpose for which the information is required, as appropriate, and the time within which the information is to be given.