# The Electronic Money Regulations 2011, Regulation 40: Conditions of redemption


An electronic money issuer must ensure—
(a) that the contract between the electronic money issuer and the electronic money holder clearly and prominently states the conditions of redemption, including any fees relating to redemption; and
(b) that the electronic money holder is informed of those conditions before being bound by any contract.

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Source: https://www.legislation.gov.uk/uksi/2011/99/regulation/40 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/regulation-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.