Section 21(4B)

The Authority may direct that paragraph (4A)(c) does not apply in relation to a designated system if, in the Authority's view, the rules and default arrangements of that system do not adequately insulate the funds of electronic money holders from the claims of other creditors of electronic money institutions which are participants in the system.

← 4A · All articles · 5 →

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