Existing fixed term contractsU.K.
This section has no associated Explanatory Memorandum
77.—(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.