This is a firm that has our permission to issue electronic money (e-money) and provide payment services.This firm has requirements or restrictions placed on the financial services activities that it can operate. Requirements or restrictions can include suspensions. See the
requirements applying to the firm.
An appointed representative is a firm or individual that can carry on certain regulated activities without being authorised on the basis that another, authorised, firm or individual (its ‘principal’) has accepted responsibility for those activities.
A tied agent is a MiFID concept that is similar to an appointed representative. A tied agent can carry on certain activities under the responsibility of a firm or individual (its ‘principal’), which may either be authorised by the PRA or FCA, or regulated in another country in the European Economic Area (EEA).
The "EEA Tied Agent" column below is relevant to EEA authorised firms which have appointed a tied agent established in another EEA country where that tied agent provides services into the UK under the MiFID service passport of its principal. The "Tied Agent" column refers to tied agents of UK firms established in the UK and tied agents of EEA authorised firms established in the UK under the MiFID branch passport of their principal.
A PSD or EMD agent is a firm that can act on behalf of another firm (its ‘principal’) that is authorised or registered by the FCA as a payment or e-money institution.
In each case, the principal is generally responsible for the activities of its appointed representatives/agents.
Currently attached to:
‘Agent status’ shows whether an agent currently has an active relationship with any principal firm.
An authorised firm will have permission to provide certain regulated products and services.
Requirements are rules placed on the firm that apply to all of the financial services activities that it can operate.
Institution to refrain from AIS or PIS for an indefinite period
Must comply with the requirements in regulation 78A(2)(b)of the Electronic Money Regulations 2011 to refrain from providing account information services or payment initiation services for an indefinite period
a) Services enabling cash placement on a payment account
b) Services enabling cash withdrawals from a payment account
c) Execution of payment transactions (not covered by a credit line)
d) Execution of payment transactions (covered by a credit line)
e) Issuing payment instruments or acquiring payment transactions
f) Money remittance
g) Execution of payment transactions via telecoms, IT system or network operator
A ‘passport’ enables an authorised firm to provide financial products or services, set up a base, or run its permitted activities in another country in the European Economic Area (EEA). This includes where a firm regulated in another EEA country passports into the UK.
The Payment Services Regulations 2017 exclude certain services from the scope of the regulations, but in certain circumstances require businesses to notify the FCA. This business has notified the FCA that it falls within the scope of the following exclusion(s):