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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
  Version 5 of 5    

Regulation 28 Notice of intention

Omitted from 31 December 2020

(1) An authorised electronic money institution (other than an institution mentioned in regulation 6(4)(b)) may exercise passport rights.

(2) Where an authorised electronic money institution intends to exercise its passport rights for the first time in a particular EEA state it must give the Authority, in such manner as the Authority may direct, notice of its intention to do so ("notice of intention") which -

(a) states the name and address of the institution, and any authorisation or reference number;

(b) identifies the EEA States in which it intends to operate;

(c) identifies the electronic money issuance, redemption, distribution or payment services which it seeks to carry on in those States;

(d) if the institution intends to use an agent to provide the services in any of those States, includes the information referred to in regulation 34(3) (requirement for agents to be registered);

(e) if the institution intends to use an EEA branch to provide the services in any of those Stat

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