Regulation 6 The Electronic Money Regulations 2011

(1)

The Electronic Money Regulations 2011^f1 are amended as follows.

(2)

In Schedule 3—

(a)

in paragraph 6(b)(ii), for “subsections (3A) and (3B)” substitute “subsection (3A)”;

(b)

in paragraph 11—

(i)

in sub-paragraph (a)(i), for ““directive restrictions”” substitute ““relevant provisions””;

(ii)

in sub-paragraph (a)(ii)—

(aa)

in the opening words for ““EEA regulatory authority”” substitute ““disciplinary proceedings authority””; and

(bb)

for the definition of “electronic money directive information” substitute—

““electronic money information” means confidential information received by the Authority in the course of discharging its functions as the competent authority under the electronic money directive;”;

(iii)

in sub-paragraph (a)(iii), for ““overseas regulatory authority”” substitute ““third country regulatory authority””

(iv)

in sub-paragraph (c) omit “directive”;

(v)

in sub-paragraph (d) omit “directive”;

(vi)

in sub-paragraph (e) omit “directive”.

Annotations

Footnotes

f1: S.I. 2011/99.