EMI license in the UK ᐉ Registration and acquisition services from BUSINESS CONSULT ALLIANCE

EMI license in the UK

EMI license is a prerequisite for legal activities related to electronic payments. The best solution for payment service providers.

The Financial Conduct Authority (FCA - Financial Conduct Authority) regulates financial services firms and payment institutions in the UK

Regulator

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Issuance of electronic money
Protecting clients' funds to ensure their safety and security
Processing of payment transactions, including transfers, direct debits and standing orders
Issuance and management of payment instruments such as prepaid cards or e-wallets
Acceptance of deposits and cash withdrawals from payment accounts
Foreign exchange services related to the issuance of electronic money
Manage clients' payment accounts, allowing them to receive, store and transfer funds
Providing Payment Initiation Service (PIS)

01
Main place of business in the UK
02
Central management in the UK - day-to-day decision-making should take place in the UK
03
MLRO
04
A detailed regulatory business plan
05
Management and internal control mechanisms
06
Information security controls and security policy
07
Fighting financial crimes
08
Control of confidential payment data
09
Evidence of how you will meet the capital requirements
10
Evidence of how you will meet safety requirements
11
Professional liability insurance (AIS/PIS only)
12
Details of owner, director and senior management