Own funds requirement (para. 3)
3. The amount of own funds referred to in regulation 22(1)(b) is to be calculated in accordance with such of Method A, Method B or Method C (set out in paragraphs 8 to 10) as the FCA may direct.
Adjustment by the FCA (paras. 4-6)
4. The FCA may direct that an authorised payment institution must hold own funds up to 20% higher, or up to 20% lower, than the amount which would result from paragraph 3.
5. A direction made under paragraph 4 must be on the basis of an evaluation of the relevant authorised payment institution including, if available and where the FCA considers it appropriate, any risk-management processes, risk loss database or internal control mechanisms of the authorised payment institution.
6. The FCA may make a reasonable charge for making an evaluation required under paragraph 5.
Provision for start-up payment institutions (para. 7)
7. If an authorised payment institution has not completed a full financial year's
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