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The Electronic Money Regulations 2011

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Changes over time for: Section 77

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Version Superseded: 31/12/2020

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Point in time view as at 13/01/2018. This version of this provision has been superseded. Help about Status

Changes to legislation:

The Electronic Money Regulations 2011, Section 77 is up to date with all changes known to be in force on or before 07 November 2024. 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. Help about Changes to Legislation

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.

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