Section 51

The Authority may impose a penalty of such amount as it considers appropriate on— an electronic money issuer who has contravened a requirement imposed on it by or under these Regulations; ... an electronic money institution who has contravened a requirement imposed on it by or under section 312R of the 2000 Act; or a person who has contravened regulation 63(1), 64(1) or 66(1) or (2). A penalty under this regulation is a debt due from that person to the Authority, and is recoverable accordingly.

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