(1) Any person who -
(a) has a Part 4 permission in respect of the activity of issuing electronic money;
(b) before 30th April 2011 has carried on that activity in accordance with that permission; and
(c) is not a person mentioned in any of paragraphs (c) to (j) of the definition in regulation 2(1) of electronic money issuer,
shall be deemed to have been granted authorisation by the Authority under regulation 9.
(2) A person who is deemed to have been granted authorisation by virtue of paragraph (1) must before 1st July 2011 -
(a) notify the Authority whether it wishes to become an authorised electronic money institution or to be registered as a small electronic money institution; and
(b) provide the Authority with such information as it may reasonably require ("the required information").
(3) Where a person notifies the Authority before 1st July 2011 that it wishes to become an authorised electronic money institution or that it wishes to be registered as a small electronic money