PART 7GENERAL
Transitional provisions
Existing fixed term contracts77
1
Part 5 shall not apply in respect of the redemption of electronic money that has been issued before 30th April 2011 where the contract—
a
provides for a termination date up to two years after the date on which the contract was entered into; and
b
does not provide that the means of storing electronic money can be recharged.
2
In paragraph (1) “termination date” has the same meaning as in Part 5.