- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
12.—(1) An application for registration as a small payment institution must contain, or be accompanied by, such information as the Authority may reasonably require.
(2) An application for the variation of a registration as a small payment institution must—
(a)contain a statement of the proposed variation;
(b)contain a statement of the payment services which the applicant proposes to carry on if the registration is varied; and
(c)contain, or be accompanied by, such other information as the Authority may reasonably require.
(3) An application under paragraph (1) or (2) must be made in such manner as the Authority may direct.
(4) At any time after receiving an application and before determining it, the Authority may require the applicant to provide it with such further information as it reasonably considers necessary to enable it to determine the application.
(5) Different directions may be given, and different requirements imposed, in relation to different applications or categories of application.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Click 'View More' or select 'More Resources' tab for additional information including: