# The Electronic Money Regulations 2011, Regulation 51: Financial penalties


(1) The Authority may impose a penalty of such amount as it considers appropriate on—
(a) an electronic money issuer who has contravened a requirement imposed on it by or under these Regulations; ...
(aa) an electronic money institution who has contravened a requirement imposed on it by or under section 312R of the 2000 Act; or
(b) a person who has contravened regulation 63(1), 64(1) or 66(1) or (2).
(2) A penalty under this regulation is a debt due from that person to the Authority, and is recoverable accordingly.

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Source: https://www.legislation.gov.uk/uksi/2011/99/regulation/51 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/regulation-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.