# The Electronic Money Regulations 2011, Paragraph 15


The Authority may direct in respect of an authorised electronic money institution that—
(a) an amount of own funds resulting from a calculation made in accordance with paragraph 13(a) is to be up to 20% higher or up to 20% lower;
(b) an amount of own funds resulting from a calculation made in accordance with paragraph 13(b) is to be up to 20% higher or up to 20% lower; or
(c) the sum of the amounts of own funds resulting from calculations made in accordance with paragraph 13(a) and (b) is to be up to 20% higher or up to 20% lower.

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Source: https://www.legislation.gov.uk/uksi/2011/99/schedule/2/paragraph/15 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/schedule-2/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.