terminal / r / uk-small-emi

Small Electronic Money Institution / UK / EMR 2011

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

Granted activities

by client type

ActivityCONSUMERSMECORPORATEREG. FIVIA INTERMED.

Issue electronic moneyRegistration as a small electronic money institution under EMR 2011 reg 13 is conditional on average outstanding electronic money not exceeding EUR 5,000,000; distributors must be entered on the FCA register per EMR 2011 and PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Place cash on a payment accountconditional on average outstanding electronic money not exceeding EUR 5,000,000; 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 accountconditional on average outstanding electronic money not exceeding EUR 5,000,000; 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)conditional on average outstanding electronic money not exceeding EUR 5,000,000; 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 lineconditional on average outstanding electronic money not exceeding EUR 5,000,000; 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 transactionsconditional on average outstanding electronic money not exceeding EUR 5,000,000; 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)conditional on average outstanding electronic money not exceeding EUR 5,000,000; 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)conditional on average outstanding electronic money not exceeding EUR 5,000,000; 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.

Requirements

No requirement data recorded.

Passporting reach

This regime does not passport into other jurisdictions.

Holders

No company holds this regime.

Products unlocked

Card issuing1 marketconsumer · sme · corporate · via-intermediary

Merchant collections1 marketconsumer · sme · corporate · via-intermediary

Derived business models

Computed from granted activities × permitted client types × passporting mode — not an opinion label.

B2CCONSUMER · 8 activities granted

B2BSME +1 · 8 activities granted

Open questions on this regime

No open questions recorded against this regime.