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ELM 8.2 Purpose

ELM 8.2.1 G

This chapter, together with articles 9C to 9G of the Regulated Activities Order (Exclusions), implements the provisions of article 8 (Waiver) of the E-Money Directive by setting out the procedure for applying for, and revoking, a certificate (a small e-money issuer certificate).

ELM 8.2.2 G

This chapter also contains provisions relating to the obtaining of information by the FSA from a small e-money issuer to ensure the exclusion provisions referred to in ELM 8.2.1 G are not abused.