# The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018, Paragraph 7: Exclusion of certain provisions of Electronic Money Regulations 2011


(1) The following provisions of EMR 2011 do not apply in relation to a person while the person is an authorised electronic money institution by virtue of paragraph 2—
(a) regulation 10(1) (cancellation of authorisation);
(b) regulation 17 (duty to notify changes);
(c) regulation 19 (capital requirements);
(d) in regulation 24 (insolvency events), paragraphs (1), (2), (4) and (5);
(e) regulation 25 (accounting and statutory audit);
(f) in Schedule 3 (application and modification of legislation), paragraph 4 (control over electronic money institutions).
(2) Regulation 6 (conditions for authorisation) does not apply in relation to a person by virtue of the person’s transitional authorisation, but applies in relation to any application for authorisation made by the person during transition period defined in paragraph 10.

---
Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173008/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-electronic-money-payment-services-and-payment-systems-amendment-and-transitional-provisions-eu-exit-regulations-2018/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.