Point in time view as at 30/04/2011. This version of this provision no longer has effect.
The Electronic Money Regulations 2011, Paragraph 1 is up to date with all changes known to be in force on or before 28 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
1. Sections 66 M1 (disciplinary powers) to 70 (statements of policy: procedure) of the 2000 Act apply with the following modifications to section 66—
(a)for subsection (2) substitute—
“(2) A person is guilty of misconduct if, while a relevant person, he had been knowingly concerned in a contravention of the Electronic Money Regulations 2011 by an electronic money issuer which is an electronic money institution, credit institution, credit union or municipal bank.”;
(b)omit subsections (3)(aa) and (ab), (3A) to (3D), (5A) and (7) to (9); and
(c)for subsection (6) substitute—
“(6) Relevant person” means any person responsible for the management of the electronic money issuer or, where relevant, any person responsible for the management of electronic money issuance by the electronic money issuer.”.
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