The Electronic Money Regulations 2011

The Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975

7.  The Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975(1) is amended as follows—

(a) in article 2(1), after the definition of “director” insert—

““electronic money institution” has the meaning given by regulation 2(1) of the Electronic Money Regulations 2011;”;

(b) in article 3(g), in the table, at the end insert—

“17	A director or manager responsible for the management of the electronic money or payment services business of an electronic money institution.	The Financial Services Authority.
18	A controller of an electronic money institution.	The Financial Services Authority.”;

(c) omit the word “or” before sub-paragraph (xii) of article 4(d) 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, or

(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,”.

(1)

S.I. 1975/1023; amended by S.I. 1986/2268; S.I. 2001/3816 and 2007/2149.