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Status: You are viewing the version of the handbook as on 2009-03-31.

ELM Sch 6 Rules that can be waived

ELM Sch 6.1G

1.

The rules in may be waived by the FSA under section 148 of the Act (Modification or waiver of rules).

2.

Article 9G(2) of the Regulated Activities Order provides that section 148 of the Act applies in relation to rules made under article 9G(1) (Obtaining information from certified persons etc.) as if references in that section to an authorised person were references to a certified person (referred to in ELM as a small e-money issuer).

3.

Article 9H(2) of the Regulated Activities Order provides that section 148 of the Act applies in relation to rules made under article 9H(1) (Rules prohibiting the issue of electronic money at a discount).