Paragraph 13
United Kingdom
An authorised electronic money institution must calculate its own funds requirement—
in accordance with such of Method A, Method B or Method C as the Authority may direct in respect of any activities carried on by the authorised electronic money institution consisting of payment services F1specified in paragraph 1(a) to (f) of Schedule 1 of the Payment Services Regulations 2017 that are not related to the issuance of electronic money; and
in accordance with Method D in respect of any activities carried on by the authorised electronic money institution that consist of the issuance of electronic money and payment services that are related to the issuance of electronic money.
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 13(a) 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(30)(e) (with reg. 3)