Authorised Electronic Money Institution / UK / EMR 2011

SI 2011/99 · supervised by Financial Conduct Authority · GB United Kingdom

CapitalEUR 350,000 sourceTimeline3–12 months source

Granted activities

by client type

ActivityCONSUMERSMECORPORATEREG. FIVIA INTERMED.

Issue electronic moneyAuthorisation under EMR 2011; agents must be entered on the FCA register per PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Money remittance Full Full Full None Full

Place cash on a payment accountPSR 2017 Schedule 1 Part 1 paragraph 1(a); distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Cash withdrawal from a payment accountPSR 2017 Schedule 1 Part 1 paragraph 1(b); distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Execute payment transactions (direct debits, card payments, credit transfers)PSR 2017 Schedule 1 Part 1 paragraph 1(c); distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Execute payment transactions funded by a credit linePSR 2017 Schedule 1 Part 1 paragraph 1(d); distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Issue payment instruments and/or acquire payment transactionsPSR 2017 Schedule 1 Part 1 paragraph 1(e); distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Issue card-based payment instruments (card issuing)distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Acquire card-based payment transactions (card acquiring)distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Conditional: the grant carries the conditions listed under the activity.