# The Electronic Money Regulations 2011, Regulation 39: Issuance and redeemability


An electronic money issuer must—
(a) on receipt of funds, issue without delay electronic money at par value; and
(b) at the request of the electronic money holder, redeem—
(i) at any time; and
(ii) at par value,
the monetary value of the electronic money held.

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Source: https://www.legislation.gov.uk/uksi/2011/99/regulation/39 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/regulation-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.