{
  "url": "https://openlegislation.uk/electronic-money-regulations-2011/regulation-39",
  "json_url": "https://openlegislation.uk/electronic-money-regulations-2011/regulation-39.json",
  "legislation": "uksi/2011/99",
  "legislation_title": "The Electronic Money Regulations 2011",
  "legislation_url": "https://openlegislation.uk/electronic-money-regulations-2011",
  "path": "regulation/39",
  "kind": "regulation",
  "number": "39",
  "heading": "Issuance and redeemability",
  "text": "An electronic money issuer must—\n(a) on receipt of funds, issue without delay electronic money at par value; and\n(b) at the request of the electronic money holder, redeem—\n(i) at any time; and\n(ii) at par value,\nthe monetary value of the electronic money held.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/99/regulation/39",
    "retrieved_at": "2026-10-29T02:19:56.724638+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}