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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
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Regulation 51 Financial penalties

(1) The Authority may impose a penalty of such amount as it considers appropriate on -

(a) an electronic money issuer who has contravened a requirement imposed on it by or under these Regulations;

(aa) an electronic money institution who has contravened a requirement imposed on it by or under section 312R of the 2000 Act; or

(b) a person who has contravened regulation 63(1), 64(1) or 66(1) or (2).

(2) A penalty under this regulation is a debt due from that person to the Authority, and is recoverable accordingly.

Comparing proposed amendment...