Small payment institution in the United Kingdom

About This Company

The Financial Conduct Authority determines regulatory status and oversees solo-regulated entities across the United Kingdom. Established in 2013 and based in London, the authority regulates the conduct of around 35,500 financial services firms and acts as prudential supervisor for approximately 34,000 solo-regulated businesses. Its statutory objectives under the Financial Services and Markets Act 2000 are to protect consumers, protect and strengthen financial system integrity, promote effective competition and support medium to long-term UK economic growth. A buyer assessing a small payment institution under the Payment Services Regulations 2017 can confirm the firm's standing on the Financial Services Register. Searching the register by firm name, 6-digit reference number, individual name or postcode reveals the active entry. This lookup shows the reference number, regulated activities, appointed representatives, trading names, registered address and any supervisory restrictions. Potential purchasers can see whether the business is classified as Authorised, Registered or MLRs Registered. The system records permissions such as execution of payment transactions, money remittance, issuing payment instruments, acquiring payment transactions, payment initiation services and account information services. Checking the entry protects an investor against unrecorded restrictions before committing capital to a domestic registration that does not passport.