SCHEDULE 2Amendments of subordinate legislation

PART 1Amendments of Electronic Money Regulations 2011

I116

In regulation 63 (prohibition on issuing electronic money by persons other than electronic money issuers), in paragraph (1)—

a

omit sub-paragraph (c);

b

in sub-paragraph (d), omit the words from “or exercising” to “EEA firms)”;

c

in sub-paragraph (f), omit the words from “the European” to the end.