Article 5 Amendment of article 3

In article 3 omit “for a relevant offence” in each place where it occurs.

In article 3(d) omit the word “or” before sub-paragraph (xii) and after that sub-paragraph insert—

“(xiii)

to refuse an application for registration as an authorised electronic money institution or a small electronic money institution under the Electronic Money Regulations 2011,

(xiv)

to vary or cancel such registration (or to refuse to vary or cancel such registration) or to impose a requirement under regulation 7 of those regulations,

(xv)

to refuse an application for registration as an authorised payment institution or a small payment institution under the Payment Services Regulations 2009, or

(xvi)

to vary or cancel such registration (or to refuse to vary or cancel such registration) or to impose a requirement under regulation 7 of those Regulations.”.