Small Payment Institution / UK / PSR 2017
Granted activities
by client typeActivityCONSUMERSMECORPORATEREG. FIVIA INTERMED.
Place cash on a payment accountPSR 2017 Schedule 1 Part 1 paragraph 1(a); registration as a small payment institution is conditional on the average of the preceding 12 months' total payment transactions not exceeding EUR 3,000,000 per month; agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional
Cash withdrawal from a payment accountPSR 2017 Schedule 1 Part 1 paragraph 1(b); registration as a small payment institution is conditional on the average of the preceding 12 months' total payment transactions not exceeding EUR 3,000,000 per month; agents must be entered on the FCA register under 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); registration as a small payment institution is conditional on the average of the preceding 12 months' total payment transactions not exceeding EUR 3,000,000 per month; agents must be entered on the FCA register under 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); registration as a small payment institution is conditional on the average of the preceding 12 months' total payment transactions not exceeding EUR 3,000,000 per month; agents must be entered on the FCA register under 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); registration as a small payment institution is conditional on the average of the preceding 12 months' total payment transactions not exceeding EUR 3,000,000 per month; agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional
Money remittancePSR 2017 Schedule 1 Part 1 paragraph 1(f); registration as a small payment institution is conditional on the average of the preceding 12 months' total payment transactions not exceeding EUR 3,000,000 per month; agents must be entered on the FCA register under 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
No product configuration resolves against this regime.
Derived business models
Computed from granted activities × permitted client types × passporting mode — not an opinion label.
B2CCONSUMER · 6 activities granted
B2BSME +1 · 6 activities granted
Open questions on this regime
No open questions recorded against this regime.
Resolved coverage in united kingdom
COVERED
United Kingdom6
Cash placement
own licenceconsumer · SME · corporate · via intermediaryconditionalhypothetical
Cash withdrawal
own licenceconsumer · SME · corporate · via intermediaryconditionalhypothetical
Execute payment transactions
own licenceconsumer · SME · corporate · via intermediaryconditionalhypothetical
Execute payment transactions credit line
own licenceconsumer · SME · corporate · via intermediaryconditionalhypothetical
Issue acquire payment instruments
own licenceconsumer · SME · corporate · via intermediaryconditionalhypothetical
Money remittance
own licenceconsumer · SME · corporate · via intermediaryconditionalhypothetical
UNVERIFIED — CLAIMED, NOT TRACEABLE TO A LICENCE
No unverified rows.
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Regime: Small Payment Institution / UK / PSR 2017