Section 33
The Electronic Money Regulations 2011 · United Kingdom
An electronic money institution may distribute or redeem electronic money through a distributor or agent. An electronic money institution may not issue electronic money through a distributor, agent or any other entity acting on its behalf. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Source: legislation.gov.uk · retrieved 2026-09-04