# Financial Services and Markets Act 2023, Paragraph 58

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

In regulation 54 (injunctions)—
(a) omit “or” at the end of paragraph (1)(a);
(b) after paragraph (1)(b) insert—
“(c) that there is a reasonable likelihood that an electronic money institution will contravene a requirement imposed on it by or under section 312R of the 2000 Act; or
(d) that an electronic money institution has contravened such a requirement and that there is a reasonable likelihood that the contravention will continue or be repeated,”;
(c) in paragraph (2)(a) after “Regulations” insert “or an electronic money institution has contravened a requirement imposed on it by or under section 312R of the 2000 Act”;
(d) in the words after paragraph (2)(b), after “that person” insert “or institution”;
(e) omit “or” at the end of paragraph (3)(a);
(f) after that paragraph insert—
“(aa) in the case of an electronic money institution, contravened a requirement imposed on it by or under section 312R of the 2000 Act; or”;
(g) in paragraph (3)(b) for “such a requirement” substitute “a requirement described in sub-paragraph (a) or (aa)”.

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/2/paragraph/58 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-2/paragraph-58
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.