UK:
Becoming FCA Authorised Or Registered As An E-Money Issuer Or A Payment Services Provider
19 April 2014
Fieldfisher
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The requirement to be appropriately authorised or
registered
Issuing e-money and performing a payment service in the UK are
both regulated activities which can only be undertaken by firms
which are appropriately authorised, registered (as a small
provider) or are exempt. This note looks at how a firm can go about
becoming appropriately authorised or registered and what Field
Fisher Waterhouse LLP can do to assist in that process.
Applying to the FCA to become UK authorised or registered
Since 1 April 2013, the UK has had two financial regulators, but
the Financial Conduct Authority ("FCA")
will be the competent authority for most E-Money Issuers and
Payment Services Providers.
To read the full briefing paper please
download our PDF here >
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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