7.—(1) The Authority may include in an authorisation such requirements as it considers appropriate.
(2) A requirement may, in particular, be imposed so as to require the person concerned to—
(a)take a specified action;
(b)refrain from taking a specified action.
(3) A requirement may be imposed by reference to the person’s relationship with its group or other members of its group.
(4) Where—
(a)an applicant intends to carry on business activities other than the issuance of electronic money and provision of payment services; and
(b)the Authority considers that the carrying on of such other business activities will impair, or is likely to impair—
(i)the financial soundness of the applicant; or
(ii)the Authority’s effective supervision of the applicant,
the Authority may require the applicant to establish a separate body corporate to carry on the issuance of electronic money and provision of payment services.
(5) A requirement expires at the end of such period as the Authority may specify in the authorisation.
(6) Paragraph (5) does not affect the Authority’s powers under regulation 8 or 11.