The Electronic Money Regulations 2011 No. 99

SCHEDULE 2 U.K. Capital Requirements

PART 2 U.K. Own funds

Adjustment by the Authority U.K.

15.  The Authority may direct in respect of an authorised electronic money institution that— U.K.

(a) an amount of own funds resulting from a calculation made in accordance with paragraph 13(a) is to be up to 20% higher or up to 20% lower;

(b) an amount of own funds resulting from a calculation made in accordance with paragraph 13(b) is to be up to 20% higher or up to 20% lower; or

(c) the sum of the amounts of own funds resulting from calculations made in accordance with paragraph 13(a) and (b) is to be up to 20% higher or up to 20% lower.