{
  "url": "https://openlegislation.uk/electronic-money-regulations-2011/regulation-3B",
  "json_url": "https://openlegislation.uk/electronic-money-regulations-2011/regulation-3B.json",
  "legislation": "uksi/2011/99",
  "legislation_title": "The Electronic Money Regulations 2011",
  "legislation_url": "https://openlegislation.uk/electronic-money-regulations-2011",
  "path": "regulation/3B",
  "kind": "regulation",
  "number": "3B",
  "heading": "Notification of use of electronic communications exclusion",
  "text": "(1) If a person (“issuer”) issues, or intends to issue, monetary value falling within regulation 3(b), the service provider must—\n(a) notify the Authority, and\n(b) include with such notification a description of the transactions for which the monetary value is intended to be used.\n(2) The issuer must provide a notification under paragraph (1)—\n(a) if the issuer started to issue the monetary value before 13th January 2018, on or before that date, or\n(b) otherwise, before the issuer starts to issue the monetary value.\n(3) The issuer must also provide to the Authority, at such times as the Authority may direct, an annual audit opinion testifying that the transactions for which the monetary value is used comply with the limits mentioned in regulation 3(b).\n(4) Information provided to the Authority under this regulation must be in such form or verified in such manner as the Authority may direct.\n(5) Different directions may be given under paragraph (3) and (4) in relation to different issuers or different categories of issuers.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Regs. 3A, 3B inserted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(c)(iii)(3)(f)(i)(6), Sch. 8 para. 5(4) (with reg. 3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/99/regulation/3B",
    "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."
}