# The Electronic Money Regulations 2011, Paragraph 20


(1) “Method A” means the calculation method set out in this paragraph.
(2) The own funds requirement is 10% of the authorised electronic money institution's fixed overheads for the preceding financial year.
(3) If a material change has occurred in an authorised electronic money institution's business since the preceding financial year, the Authority may direct that the own funds requirement is to be a higher or lower amount than that calculated in accordance with sub-paragraph (2).

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Source: https://www.legislation.gov.uk/uksi/2011/99/schedule/2/paragraph/20 (the official version)
Page: https://openlegislation.uk/electronic-money-regulations-2011/schedule-2/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.