Authorised EMI in the United Kingdom, licensed since 2019

About This Company

Regulation 9 of EMRs 2011 sets the statutory decision period for a new application at 3 months from complete receipt or 12 months from incomplete receipt. Observed FCA processing across 44 payment services and e-money applications in Q4 2025/26 showed a median elapsed determination time of 207 calendar days, with a lower quartile of 124 days and an upper quartile of 269 days. Submitting a new file also incurs a GBP 5,640 application fee under Pricing Category 5. Acquiring this company follows the change of control route instead. Approval must be obtained before crossing thresholds of 10%, 20%, 30%, and 50% of shares or voting rights under FSMA 2000 Section 191F. Executing a transaction without prior consent violates Section 191F as a criminal offence. The statutory assessment period runs for 60 business days from complete acknowledgment under FSMA Section 189, pausable once for up to 30 business days when regulators seek additional facts. Incorporated in 2019, the operating institution holds an AEMI licence, safeguards client funds, and supports no crypto-asset services. Its operations provide business multi-currency accounts, debit cards, payments, FX, merchant acquiring, BaaS solutions, direct access to Faster Payments, BACS, CHAPS and SEPA, and transfers to over 120 countries. Domestic authorisation does not passport.