Variation etc at request of authorised payment institution
This section has no associated Explanatory Memorandum
8. The Authority may, on the application of an authorised payment institution, vary that person’s authorisation by—
(a)adding a payment service to those for which it has granted authorisation;
(b)removing a payment service from those for which it has granted authorisation;
(c)imposing a requirement such as may, under regulation 7, be included in an authorisation;
(d)cancelling a requirement included in the authorisation or previously imposed under paragraph (c); or
(e)varying such a requirement,
provided that the conditions set out in regulation 6(4) to (8) and, if applicable, the requirement in regulation 18(1) to maintain own funds, will continue to be met.