http://www.legislation.gov.uk/uksi/2011/99/schedule/2/paragraph/9/2017-10-13The Electronic Money Regulations 2011texttext/xmlenStatute Law DatabaseFINANCIAL SERVICES AND MARKETS2024-06-19Expert Participation2017-10-13 These Regulations implement Directive 2009/110/EC of the European Parliament and of the Council of 16th September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions (“the Directive”) (OJ No L 275, 27.10.2000, p.39). SCHEDULE 2Capital RequirementsPART 2Own funds<Emphasis>Limits on qualifying items</Emphasis>9For the purposes of calculating own funds—athe amount of Tier 2 capital must be equal to or less than one third of the amount of Tier 1 capital;bat least 75% of the amount of Tier 1 capital must be in the form of Common Equity Tier 1 capital.Sch. 2 para. 9 substituted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(c)(iii)(3)(f)(i)(6), Sch. 8 para. 5(30)(d) (with reg. 3)
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Sch. 2 para. 9 substituted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2017/752" id="czgkzvi13-00105" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="752" Title="The Payment Services Regulations 2017">The Payment Services Regulations 2017 (S.I. 2017/752)</Citation>
,
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