Section 16

Where a small electronic money institution ceases to comply with a condition in regulation 13(3), (4), (8) or (9), the institution concerned must, within 30 days of becoming aware of the change in circumstances, apply to become an authorised electronic money institution under regulation 5 if it intends to continue issuing electronic money in the United Kingdom.

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