# The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018, Paragraph 12H: Supervision and enforcement of persons to whom paragraph 12B applies


(1) In relation to a person to whom paragraph 12B applies, the provisions of EMR 2011 (other than those disapplied by paragraph 7(1)) apply while the person is an authorised electronic money institution by virtue of paragraph 12B(4).
(2) Paragraph 7(2) applies in relation to that person as if the reference—
(a) to a person’s transitional authorisation were a reference to authorisation by virtue of paragraph 12B(4);
(b) to the transition period were a reference to the extension period in paragraph 12G.

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Source: https://www.legislation.gov.uk/uksi/2018/1201/schedule/3/paragraph/12H (the official version)
Page: https://openlegislation.uk/electronic-money-payment-services-and-payment-systems-amendment-and-transitional-provisions-eu-exit-regulations-2018/schedule-3/paragraph-12H
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.