(1) The court may, on the application of the Authority, make an order under paragraph (2) if it is satisfied that an electronic money issuer has contravened a requirement imposed by or under these Regulations, or been knowingly concerned in the contravention of such a requirement, or, where the electronic money issuer is an electronic money institution, has contravened a requirement imposed on it by or under section 312R of the 2000 Act, or been knowingly concerned in the contravention of such a requirement, and that -
(a) profits have accrued to the electronic money issuer as a result of the contravention; or
(b) one or more persons have suffered loss or been otherwise adversely affected as a result of the contravention.
(2) The court may order the electronic money issuer to pay to the Authority such sum as appears to the court to be just having regard -
(a) in a case within sub-paragraph (a) of paragraph (1), to the profits appearing to the court to have accrued;
(b) in a case within
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