Regulation 8 Variation etc at request of an authorised electronic money institution

United Kingdom

The Authority may, on the application of an authorised electronic money institution, vary the person's authorisation by—

(a)

imposing a requirement such as may, under regulation 7, be included in an authorisation;

(b)

cancelling a requirement included in the authorisation or previously imposed under paragraph (a); or

(c)

varying such a requirement,

provided that F1the Authority is satisfied that the conditions set out in regulation 6(4) to (8), and the requirement in regulation 19(1) to maintain own funds, F2are being or are likely to be met.

Annotations

Textual amendments

F1: Words in reg. 8 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(7)(a) (with reg. 3)
F2: Words in reg. 8 substituted (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(7)(b) (with reg. 3)