Schedule 2, Part 2, paragraph 24(1)

Where— the institution may calculate its own funds requirement on the basis of a representative portion assumed to be used for the issuance of electronic money and payment services related to the issuance of electronic money, provided that such representative portion can be reasonably estimated on the basis of historical data and to the satisfaction of the Authority. an electronic money institution provides payment services that are not related to the issuance of electronic money or carries out any of the activities referred to in regulation 32(1)(b) to (d) and (2); and the amount of outstanding electronic money is unknown in advance,

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Source: legislation.gov.uk · retrieved 2026-09-04