# The Electronic Money Regulations 2011, Regulation 64: False claims to be an electronic money issuer


(1) A person who does not fall within any of sub-paragraphs (a) to (j) of regulation 63(1) may not—
(a) describe themselves (in whatever terms) as a person falling within any of those sub-paragraphs; or
(b) behave, or otherwise hold themselves out, in a manner which indicates (or which is reasonably likely to be understood as indicating) that they are such a person.
(2) A person who contravenes paragraph (1) is guilty of an offence and is liable on summary conviction to a fine not exceeding level 5 on the standard scale.

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Source: https://www.legislation.gov.uk/uksi/2011/99/regulation/64 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/regulation-64
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.