# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 9H: Rules prohibiting the issue of electronic money at a discount

Extent: E+W+S+N.I.

(1) The FCA may make rules applying to authorised persons with permission to carry on an activity of the kind specified by article 9B, prohibiting the issue of electronic money having a monetary value greater than the funds received.
(2) Section 138A of the Act (modification or waiver of rules) applies in relation to rules made under paragraph (1).

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/9H (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-9H
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.