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

About This Company

The Financial Conduct Authority decides whether to approve any change of control before an investor acquires shares in an authorised firm. Unapproved transactions incur criminal liability under FSMA 2000 Section 191F whenever ownership passes the Directive thresholds of 10%, 20%, 30% or 50%. By law, the assessment takes 60 business days from complete acknowledgment under Section 189, though London caseworkers can pause the clock once for up to 30 business days if further information is requested. A buyer checks the Financial Services Register using the firm's 6-digit reference number or postcode to inspect current status and any supervisory restrictions. That entry also confirms whether permissions like money remittance, issuing electronic money, or payment initiation services remain active under the Electronic Money Regulations 2011. Dormant operations mean no full-time staff currently work at the enterprise. No fines or liabilities exist on the books. One remaining client will be offboarded in the sale, following several pilot clients onboarded during testing. Software assets include a proprietary, independently audited platform covering onboarding, AML screening, transaction monitoring and wallets. Because this registration is domestic under SI 2011/99, it does not passport outside the United Kingdom.