Authorised EMI in the United Kingdom, without clients

About This Company

On the day of closing, the buyer receives a dormant UK authorised electronic money institution with no active clients. The company previously provided IBANs to high-net-worth business clients, retains IT systems, maintains integrations with RailsR, CurrencyCloud and FX providers, and holds safeguarding arrangements with three banks. Permitted activities under the Electronic Money Regulations 2011 cover issuing electronic money, payment transaction execution, money remittance, payment instrument issuing, acquiring, payment initiation, and account information services. Audits and compliance reports are available, and the regulator has issued no fines. Existing directors are willing to stay with the right buyer. Completing this acquisition requires prior supervisory approval from the Financial Conduct Authority. Assuming control without prior clearance is treated as a criminal offence under Section 191F. Mandatory notifications apply when crossing ownership thresholds of 10%, 20%, 30%, and 50% of shares or voting rights, or becoming a parent undertaking. Statutory review lasts 60 business days from complete notification acknowledgment under FSMA Section 189. Regulators may pause that assessment once for up to 30 business days to request further information. Cross-border passporting is unavailable under this domestic licence. Verification on the Financial Services Register by 6-digit reference number confirms active status and whether supervisory restrictions exist.