PART II SPECIFIED ACTIVITIES
F1CHAPTER IIA ELECTRONIC MONEY
Supplemental
Rules prohibiting the issue of electronic money at a discount9H
1
The Authority may make rules applying to authorised persons with permission to carry on an activity of the kind specified by article 9B, prohibiting the issue of electronic money having a monetary value greater than the funds received.
2
Section 148 of the Act (modification or waiver of rules) applies in relation to rules made under paragraph (1).
False claims to be a certified person9I
A person who is not a certified person is to be treated as guilty of an offence under section 24 of the Act (false claims to be authorised or exempt) if he—
a
describes himself (in whatever terms) as a certified person;
b
behaves, or otherwise holds himself out, in a manner which indicates (or which is reasonably likely to be understood as indicating) that he is a certified person.
Exclusion of electronic money from the compensation scheme9J
The compensation scheme established under Part XV of the Act is not to provide for the compensation of persons in respect of claims made in connection with any activity of the kind specified by article 9B.
Record of certified persons9K
The record maintained by the Authority under section 347 of the Act (public record of authorised persons etc.) must include every certified person.
Pt. 2 Ch. 2A inserted (11.4.2002 for specified purposes, 27.4.2002 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2002 (S.I. 2002/682), arts. 1(2), 4 (with arts. 9, 10)