SCHEDULES

SCHEDULE 2Transitional amendments

PART 6Amendments relating to critical third parties

58

In regulation 54 (injunctions)—

(a)

omit “or” at the end of paragraph (1)(a);

(b)

after paragraph (1)(b) insert—

“(c)

that there is a reasonable likelihood that an electronic money institution will contravene a requirement imposed on it by or under section 312R of the 2000 Act; or

(d)

that an electronic money institution has contravened such a requirement and that there is a reasonable likelihood that the contravention will continue or be repeated,”;

(c)

in paragraph (2)(a) after “Regulations” insert “or an electronic money institution has contravened a requirement imposed on it by or under section 312R of the 2000 Act”;

(d)

in the words after paragraph (2)(b), after “that person” insert “or institution”;

(e)

omit “or” at the end of paragraph (3)(a);

(f)

after that paragraph insert—

“(aa)

in the case of an electronic money institution, contravened a requirement imposed on it by or under section 312R of the 2000 Act; or”;

(g)

in paragraph (3)(b) for “such a requirement” substitute “a requirement described in sub-paragraph (a) or (aa)”.