{
  "url": "https://openlegislation.uk/electronic-money-regulations-2011/regulation-51",
  "json_url": "https://openlegislation.uk/electronic-money-regulations-2011/regulation-51.json",
  "legislation": "uksi/2011/99",
  "legislation_title": "The Electronic Money Regulations 2011",
  "legislation_url": "https://openlegislation.uk/electronic-money-regulations-2011",
  "path": "regulation/51",
  "kind": "regulation",
  "number": "51",
  "heading": "Financial penalties",
  "text": "(1) The Authority may impose a penalty of such amount as it considers appropriate on—\n(a) an electronic money issuer who has contravened a requirement imposed on it by or under these Regulations; ...\n(aa) an electronic money institution who has contravened a requirement imposed on it by or under section 312R of the 2000 Act; or\n(b) a person who has contravened regulation 63(1), 64(1) or 66(1) or (2).\n(2) A penalty under this regulation is a debt due from that person to the Authority, and is recoverable accordingly.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in reg. 51(1)(a) omitted (29.8.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 56(a) (with s. 2(3)); S.I. 2023/779, reg. 4(zz)(iv)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 51(1)(aa) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 56(b) (with s. 2(3)); S.I. 2023/779, reg. 4(zz)(iv)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/99/regulation/51",
    "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."
}