Schedule 2, Part 2, paragraph 24(2)

Where an electronic money institution has not completed a sufficiently long period of business to compile historical data adequate to make the calculation under sub-paragraph (1), it must make an estimate on the basis of projected outstanding electronic money as evidenced by its business plan, subject to any adjustments to that plan which are, or have been, required by the Authority.

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