Notice of intention
23.—(1) Where an authorised payment institution intends to exercise its passport rights for the first time in a particular EEA State it must give the Authority, in such manner as the Authority may direct, notice of its intention to do so (“a notice of intention”) which—
(a)identifies the payment services which it seeks to carry on in exercise of those rights in that State;
(b)gives the names of those responsible for the management of a proposed EEA branch, if any; and
(c)provides details of the organisational structure of a proposed EEA branch, if any.
(2) The Authority must, within one month beginning with the date on which it receives the notice of intention, inform the host state competent authority of—
(a)the name and address of the authorised payment institution; and
(b)the information contained in the notice of intention.
(3) Where an authorised payment institution intends to exercise its passport rights through an EEA agent, the provisions of regulation 29 apply.