Paragraph 17

omit sub-paragraph (a);

for sub-paragraphs (b) to (d) substitute—

“(b)

the Bank of England; and

(c)

any other public authorities which exercise functions that are relevant to electronic money issuers,”;

for the words from “under the electronic” to the end substitute “under these Regulations and other relevant legislation”.

in sub-paragraph (a), for “(1)(a), (c) and (d)” substitute “(1)(c)”;

for sub-paragraph (b) substitute—

“(b)

the Bank of England when acting in its capacity as monetary and oversight authority;”;

for the words from “under the electronic” to the end substitute “under these Regulations and other relevant legislation”.