Small EMI in the United Kingdom, operating, with own platform

About This Company

Registration as a small electronic money institution under the Electronic Money Regulations 2011 is domestic and does not passport into other jurisdictions. The buyer inherits a regulatory supervisory levy of GBP 1,418 under Fee-block G.11 alongside the entity. Active since 2018, the operating business has processed more than GBP 125M in transaction volume. An in-house payments and ledger platform belongs to the business, featuring live card payments integration as well as a direct UK clearing bank link. Both the regulated entity and the full technology stack transfer under the transaction. Transition support is offered. Acquiring control requires prior approval from the Financial Conduct Authority in London before completion. Taking control without that consent is a criminal offence under Section 191F of FSMA 2000. Because electronic money institutions qualify as Directive firms, approval triggers at thresholds of 10%, 20%, 30% or 50% of shares or voting rights, or upon becoming a parent undertaking. Under Section 189 of FSMA, the statutory assessment period lasts 60 business days from complete notification acknowledgment. Officers at the authority may pause that review once for up to 30 business days when requesting further information. A buyer checks the Financial Services Register by firm name or 6-digit reference number to confirm active status and permissions covering issuing electronic money or execution of payment transactions.