Section 15(2)

The conditions ... are— the conditions in regulation 13(6) to (10); where applicable, compliance with the requirement in regulation 19(2) to maintain own funds; the condition that the total business activities of the applicant generate average outstanding electronic money that does not exceed 5,000,000 euro; and the condition that the monthly average over any period of 12 months of the total amount of relevant payment transactions does not exceed 3,000,000 euro.

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