# The Electronic Money Regulations 2011, Regulation 16: Application for authorisation if requirements cease to be met

Extent: E+W+S+N.I.

Where a small electronic money institution ceases to comply with a condition in regulation 13(3), (4), (8) or (9), the institution concerned must, within 30 days of becoming aware of the change in circumstances, apply to become an authorised electronic money institution under regulation 5 if it intends to continue issuing electronic money in the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/2011/99/regulation/16 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.