(1) An electronic money institution may distribute or redeem electronic money through a distributor or agent.
(2) An electronic money institution shall not issue electronic money through a distributor, agent or any other entity acting on its behalf.
(3) An electronic money institution may engage a distributor or an agent to distribute or redeem electronic money in the exercise of its passport rights.
(4) An electronic money institution may provide payment services in the State through an agent only if the agent is included on the Register.
(5) An electronic money institution may provide payment services in the exercise of its passport rights through an agent only if the agent is included on the Register.