# The Electronic Money Regulations 2011, Paragraph 14


Where a small electronic money institution is required by regulation 19(2) to maintain own funds, it must calculate its own funds requirement as an amount equal to 2% of the average outstanding electronic money of the institution.

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Source: https://www.legislation.gov.uk/uksi/2011/99/schedule/2/paragraph/14 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/schedule-2/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.