1. Irish Financial Services Law
  2. Legislation (IE)
  3. Statutory Instruments
  4. 2011
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  1. European Communities (Electronic Money) Regulations 2011 [S.I. No. 183 of 2011]
  2. Part 2 Requirements for the Taking Up, Pursuit and Prudential Supervision of Business of Electronic Money Institutions (regs. 6-51)
  3. Chapter 2 Authorisation and registration of electronic money institutions (regs. 8-12)
  4. Regulation 9 Decision to grant or refuse authorisation
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 April 2011 - onwards
  Version 2 of 2    

Regulation 9 Decision to grant or refuse authorisation

(1) The Bank may -

(a) grant an authorisation to operate as an electronic money institution,

(b) refuse to grant such an authorisation, or

(c) grant such an authorisation subject to a specified condition or requirement.

(2) If the Bank proposes to refuse to grant authorisation as an electronic money institution, it shall give the applicant concerned notice in writing of its intention to refuse, setting out a statement of the reasons for the proposed refusal and specifying a period (not less than 21 calendar days) within which the applicant may make submissions in writing in relation to the proposed refusal.

(3) If the Bank proposes to grant authorisation as an electronic money institution subject to a specified condition or requirement, it shall give the applicant concerned notice in writing of its intention to do so, setting out a statement of the reasons for the proposed condition or requirement and specifying a period (not less than 21 calendar days) within which the applicant may m

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