| Guvnor

Enforced by: FCA, PSR
Status: Amended (in force with amendments)
Penalty ceiling: Imprisonment 9 of 99 obligations carry an unlimited fine. 5 carry different penalties and 85 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Operator46 Any Person17 Financial Services Firm13 Applicant7 Trader4 Director or Officer1

Plus 11 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Operator — also bound by 746 other Acts

Regulation (EU) No 965/2012 (Air Operations) 203 duties

Commission Implementing Regulation (EU) 2018/2066 of 19 December 2018 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council and amending Commission Regulation (EU) No 601/2012 (Text with EEA relevance) 121 duties

Commission Regulation (EU) No 601/2012 of 21 June 2012 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) 112 duties

Space Industry Regulations 2021 76 duties

Regulation (EU) 2016/429 of the European Parliament and of the Council of 9 March 2016 on transmissible animal diseases and amending and repealing certain acts in the area of animal health (‘Animal Health Law’) (Text with EEA relevance) 66 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

Applicant — also bound by 307 other Acts

Insolvency (England and Wales) Rules 2016 46 duties

Human Medicines Regulations 2012 42 duties

The Land Registration Rules 2003 25 duties

Regulation (EU) No 1178/2011 (Aircrew) 20 duties

Value Added Tax Regulations 1995 18 duties

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introductory provisions

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.001 Citation, commencement and extent

s.002 Interpretation

s.003 Exemption for certain bodies

Part 2

Registration

11 of 18 sections shown

s.005 Application for authorisation as a payment institution or variation of an existing authorisation Regulated

Apply for or vary payment institution authorisationApplicant

s.006 Conditions for authorisation as a payment institution Regulated

Meet eligibility conditions for payment institution authorisationApplicant

s.011 Request for cancellation of authorisation Regulated

Follow FCA directions when requesting to cancel your authorisationAny Person

s.012 Variation of authorisation on FCA's own initiative Regulated

Other duties (1) — Crown / regulator

FCA may change your business authorisation on its own initiativeStatutory regulator

s.013 Application for registration as a small payment institution or variation of an existing registration Regulated

s.014 Conditions for registration as a small payment institution Regulated

Meet eligibility criteria to register as a Small Payment InstitutionApplicant

s.016 Application for authorisation or registration if requirements cease to be met Regulated

Apply for new authorisation if registration requirements are no longer metFinancial Services Firm

s.017 Application for registration as an account information service provider or variation of an existing registration Regulated

Apply to the FCA for AISP registration or to vary an existing oneApplicant

s.018 Conditions for registration as an account information service provider Regulated

Meet requirements for registration as an account information service providerApplicant

s.020 Duty to notify changes Regulated

Notify the FCA of changes to your payment service applicationApplicant

s.021 Authorised payment institutions, small payment institutions and registered account information service providers acting without permission Regulated

Carry out unauthorised payment servicesAny Person
Provide payment services without proper FCA authorisationAny Person

7 other sections in this Part — procedural and definitional

s.004 The register of certain payment service providers

s.007 Imposition of requirements

s.008 Variation etc. at request of authorised payment institution

s.009 Determination of application for authorisation or variation of authorisation

s.010 Cancellation of authorisation

s.015 Supplementary provisions

s.019 Supplementary provisions

Part 3

Authorised Payment Institutions

4 of 10 sections shown

s.022 Capital requirements Regulated

Maintain minimum capital and own funds levelsFinancial Services Firm

s.023 Safeguarding requirements Regulated

Safeguard customer payment funds using segregation or insuranceFinancial Services Firm

s.024 Accounting and statutory audit Regulated

Maintain separate accounts for payment servicesFinancial Services Firm

s.025 Outsourcing Regulated

Notify the FCA before outsourcing operational functionsFinancial Services Firm

6 other sections in this Part — procedural and definitional

s.026 Application of regulations 27 to 30 to account information service providers

s.027 Notice of intention

s.028 Decision following notice of intention

s.029 Notice of intention from an EEA authorised payment institution

s.030 Supervision of firms exercising passport rights

s.insolvency regulations Insolvency Regulations

Part 4

Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions

6 of 7 sections shown

s.031 Record keeping Regulated

Keep payment service compliance records for five yearsFinancial Services Firm

s.032 Additional activities Regulated

Follow strict conditions if providing credit with payment servicesFinancial Services Firm

s.033 Payment accounts and sums received for the execution of payment transactions Regulated

Use payment accounts only for payment transactionsFinancial Services Firm

s.034 Use of agents Regulated

s.036 Reliance Regulated

Take reasonable steps to ensure third-party compliance with regulationsFinancial Services Firm

s.037 Duty to notify change in circumstance Regulated

Notify the FCA of significant changes in your business circumstancesFinancial Services Firm

1 other section in this Part — procedural and definitional

s.035 Removal of agent from register

Part 5

Requirements for providers of certain services which are not payment services

2 of 2 sections shown

s.038 Notification of use of limited network exclusion Regulated

Notify the FCA if your limited network payment transactions exceed €1 millionOperator

s.039 Notification of use of electronic communications exclusion Regulated

Notify the FCA before providing certain electronic payment servicesOperator

Part 6

Information Requirements for Payment Services

17 of 27 sections shown

s.043 Information required prior to the conclusion of a single payment service contract Regulated

Provide specific information before single payment service contractsOperator

s.044 Information required after the initiation of a payment order Prosecution

Provide payment transaction details to customers and account providersOperator

Unlimited fine

s.045 Information required after receipt of the payment order Regulated

Provide transaction details to payers after receiving a payment orderOperator

s.046 Information for the payee after execution Regulated

Provide transaction details to payees after receiving fundsOperator

s.048 Prior general information for framework contracts Prosecution

Provide customers with contract information before they are boundOperator

Unlimited fine

s.049 Information during period of contract Regulated

Provide contract terms and information to customers upon requestOperator

s.050 Changes in contractual information Regulated

Give customers two months' notice of contract or information changesOperator

s.051 Termination of framework contract Regulated

Manage notice periods and fees for terminating payment service contractsOperator

s.052 Information prior to execution of individual payment transaction Prosecution

Provide transaction details to customers upon requestOperator

Unlimited fine

s.053 Information for the payer on individual payment transactions Regulated

Provide transaction statements to customers at least monthlyOperator

s.054 Information for the payee on individual payment transactions Regulated

Provide monthly transaction information to payment recipientsOperator

s.055 Communication of information Regulated

Use clear and accessible language for payment service communicationsTrader

s.057 Currency and currency conversion Regulated

Use agreed currency and disclose conversion charges and ratesTrader

s.058 Information on additional charges or reductions Regulated

Disclose payment fees or discounts before a transaction startsTrader

s.060 Information requirements for account information service providers Regulated

Provide mandatory service and fee information to customersOperator

s.061 Information on ATM withdrawal charges Regulated

Provide clear information on ATM withdrawal chargesTrader

s.062 Provision of information leaflet Regulated

Other duties (1) — Crown / regulator

FCA must publish a consumer rights leafletStatutory regulator

10 other sections in this Part — procedural and definitional

s.040 Application of Part 6

s.041 Application of this Part in the case of consumer credit agreements

s.042 Disapplication of certain regulations in the case of low-value payment instruments

s.047 Avoidance of duplication of information

s.051 Termination of framework contract entered into before 28th April 2026

s.051 Termination of framework contract entered into on or after 28th April 2026

s.051 Exceptions to regulation 51B(1) in relation to money laundering and immigration requirements etc.

s.051 Exceptions to regulation 51B(3) in relation to certain public order offences etc.

s.056 Charges for information

s.059 Burden of proof on payment service provider

Part 7

Rights and Obligations in Relation to the Provision of Payment Services

32 of 40 sections shown

s.066 Charges Regulated

Follow rules for charging customers for payment servicesOperator

s.068 Confirmation of availability of funds for card-based payment transactions Regulated

Provide immediate fund availability confirmation for card paymentsOperator

s.070 Access to payment accounts for account information services Regulated

Provide account information services securely and with user consentOperator

s.071 Limits on the use of payment instruments and access to payment accounts Regulated

Manage payment instrument blocks and account access denials with customer noticeOperator

s.072 Obligations of the payment service user in relation to payment instruments and personalised security credentials Regulated

Protect payment instruments and security credentialsAny Person

s.073 Obligations of the payment service provider in relation to payment instruments Regulated

Protect payment instruments and provide secure notification channelsOperator

s.074 Notification and rectification of unauthorised or incorrectly executed payment transactions Regulated

Notify your provider of unauthorised or incorrect payments to get redressAny Person

s.075 Evidence on authentication and execution of payment transactions Regulated

Provide evidence if you dispute or claim a payment was processed incorrectlyOperator

s.076 Payment service provider's liability for unauthorised payment transactions Regulated

Refund and rectify accounts for unauthorised payment transactionsOperator

s.077 Payer or payee's liability for unauthorised payment transactions Regulated

Compensate payer's PSP if you don't accept strong customer authenticationOperator

s.078 Payment transactions where the transaction amount is not known in advance Regulated

Ensure customer authorisation and prompt release of blocked fundsOperator

s.079 Refunds for payment transactions initiated by or through a payee Regulated

Refund customers for unauthorised or incorrectly valued transactionsOperator

s.080 Requests for refunds for payment transactions initiated by or through a payee Regulated

Process and respond to customer refund requests for direct paymentsOperator

s.081 Receipt of payment orders Regulated

Only debit payment accounts after receiving a payment orderOperator

s.082 Refusal of payment orders Regulated

Notify customers if you refuse a payment orderOperator

s.083 Revocation of a payment order Regulated

Observe deadlines for cancelling payment ordersAny Person

s.084 Amounts transferred and amounts received Regulated

Transfer full payment amounts without unauthorized deductionsOperator

s.086 Payment transactions to a payment account Regulated

Process and credit payment transactions within statutory timeframesOperator

s.087 Absence of payee's payment account with the payment service provider Regulated

Make funds available immediately to payees without an accountOperator

s.088 Cash placed on a payment account Regulated

Make cash deposits available to customers within strict time limitsOperator

s.089 Value date and availability of funds Regulated

Ensure immediate availability of funds and correct value datingOperator

s.090 Incorrect unique identifiers Regulated

Recover misdirected payments and cooperate with other payment providersOperator

s.091 Non-execution or defective or late execution of payment transactions initiated by the payer Prosecution

Refund and correct payment errors for payer-initiated transactionsOperator

Unlimited fine

s.092 Non-execution or defective or late execution of payment transactions initiated by the payee Regulated

Your payment service provider must correctly handle payment orders you initiate and fix failuresOperator

s.093 Non-execution or defective or late execution of payment transactions initiated through a payment initiation service Regulated

Refund customers for failed or incorrect payments and seek compensationOperator

s.094 Liability of payment service provider for charges and interest as a consequence of delay under regulation 86(2B) Regulated

Pay user charges and interest resulting from payment delaysOperator

s.094 Liability of payment service provider for charges and interest Regulated

Compensate customers for costs caused by payment failuresOperator

s.095 Right of recourse Regulated

Compensate other payment providers for losses from unauthorized transactionsOperator

s.097 Consent for use of personal data Regulated

Obtain explicit consent before using customer payment dataOperator

s.098 Management of operational and security risks Regulated

Manage operational and security risks and report assessments to the FCAOperator

s.099 Incident reporting Prosecution

Report major operational or security incidents to the FCAOperator

Unlimited fine

s.100 Authentication Regulated

Use Strong Customer Authentication for online payments and accountsOperator

8 other sections in this Part — procedural and definitional

s.063 Application of Part 7

s.064 Application of this Part in the case of consumer credit agreements

s.065 Disapplication of certain regulations in the case of low value payment instruments

s.067 Consent and withdrawal of consent

s.069 Access to payment accounts for payment initiation services

s.085 Application of regulations 86 to 88

s.096 Force majeure

s.101 Dispute resolution

Part 8

Access to payment systems and bank accounts

3 of 4 sections shown

s.103 Prohibition on restrictive rules on access to payment systems Regulated

Ensure payment system access rules are fair and non-discriminatoryAny Person

s.104 Indirect access to designated systems Regulated

Assess indirect access requests to payment systems fairlyAny Person

s.105 Access to bank accounts Regulated

Grant payment service providers fair access to bank account servicesFinancial Services Firm

1 other section in this Part — procedural and definitional

s.102 Application of regulation 103

Part 9

The Financial Conduct Authority

6 of 18 sections shown

s.108 Monitoring and enforcement Regulated

Other duties (1) — Crown / regulator

FCA and PSR must monitor and enforce payment services complianceStatutory regulator

s.109 Reporting requirements Regulated

Submit payment services information and fraud data to the FCAOperator

s.111 Financial penalties Prosecution

Breach payment services regulatory requirementsAny Person

Unlimited fine

s.112 Proposal to take disciplinary measures Regulated

Other duties (1) — Crown / regulator

FCA must issue warning and decision notices before taking disciplinary actionStatutory regulator

s.115 Proposal to require restitution Regulated

Other duties (1) — Crown / regulator

FCA must issue warning and decision notices before requiring restitutionStatutory regulator

s.117 Complaints Regulated

Other duties (1) — Crown / regulator

FCA must provide a system for complaints against payment service providersStatutory regulator

12 other sections in this Part — procedural and definitional

s.106 Functions of the FCA

s.107 Application of this Part to requirements of assimilated direct legislation and FCA rules

s.110 Public censure

s.113 Injunctions

s.114 Power of FCA to require restitution

s.116 Restitution orders

s.118 Costs of supervision

s.119 Credit agreements

s.120 Guidance

s.121 FCA's exemption from liability in damages

s.122 Application and modification of primary and secondary legislation

s.technical standards Technical standards

Part 10

The Payment Systems Regulator

5 of 14 sections shown

s.126 Publication of compliance failures and penalties Regulated

Publishing compliance failures and penaltiesAny Person

s.127 Penalties Prosecution

Fail to comply with payment services or systems regulationsAny Person

Unlimited fine

s.128 Notice of publication of a compliance failure or of imposition of a penalty Regulated

Other duties (1) — Crown / regulator

Payment Systems Regulator must provide notice before issuing penaltiesStatutory regulator

s.130 Appeals: general Regulated

Other duties (1) — Crown / regulator

Competition Appeal Tribunal must hear appeals against FCA or PSR decisionsTribunal / Court

s.133 Complaints Regulated

Other duties (1) — Crown / regulator

PSR must provide a system for submitting complaints about rule breachesStatutory regulator

9 other sections in this Part — procedural and definitional

s.123 Interpretation of Part 10

s.124 Functions of the Payment Systems Regulator

s.125 Directions

s.129 Injunctions

s.131 Appeals against directions and publication of compliance failures

s.132 Appeals in relation to penalties

s.134 Guidance

s.135 Information and investigation

s.136 Application of other provisions of the 2013 Act

Part 11

General

8 of 23 sections shown

s.138 Prohibition on provision of payment services by persons other than payment service providers Imprisonment

Provide payment services without authorisationAny Person
Provide unauthorised payment servicesAny Person

s.139 False claims to be a payment service provider or exempt Imprisonment

Falsely claim to be a payment service providerAny Person

s.141 Contravention of regulations 57 and 58 Prosecution

Fail to provide required information on charges and exchange ratesAny Person

Unlimited fine

s.142 Misleading the FCA or the Payment Systems Regulator Prosecution

Give false or misleading information to the FCA or PSRAny Person
Mislead the FCA or Payment Systems RegulatorAny Person

Unlimited fine

s.144 Liability of officers of bodies corporate etc Imprisonment

Personal liability for company officers/partners for payment service breachesDirector or Officer

s.147 Duty to co-operate and exchange of information Regulated

Other duties (1) — Crown / regulator

Regulators must cooperate and may share information about payment providersStatutory regulator

s.153 Transitional and saving provisions: general Regulated

Other duties (1) — Crown / regulator

FCA must maintain a register of authorised payment service providersStatutory regulator

s.154 Transitional provisions: account information services and payment initiation services Regulated

Do not block Open Banking services while transitioning to new standardsOperator

15 other sections in this Part — procedural and definitional

s.137 Prohibition on contracting out of statutory requirement

s.140 Defences

s.143 Restriction on penalties

s.145 Prosecution of offences

s.146 Proceedings against unincorporated bodies

s.148 Actions for breach of requirements

s.149 Saving of Payment Services Regulations 2009

s.150 Transitional and saving provisions: authorised payment institutions

s.151 Transitional and saving provisions: small payment institutions

s.152 Transitional provisions: payments through network operators

s.155 Application to Gibraltar

s.156 Amendments to primary and secondary legislation

s.157 Revocations

s.158 Review

s.single euro payments area Single Euro Payments Area

Schedules

2 of 102 shown

s.004 Prior general information for framework contracts Regulated

Provide mandatory contract information to payment service usersOperator

s.sch008 Electronic Money Regulations 2011 Regulated

Notify the FCA if your e-money under limited-use exclusions exceeds €1 million in 12 monthsFinancial Services Firm

100 other schedules

s.001 Payment Services

s.003 Capital requirements

s.008 Amendments to legislation

s.009 Revocations

s.sch001 Subject to Part 2, the following, when carried out as...

s.sch001 The following do not constitute payment services—

s.sch001 (1) The provision of cash otherwise than through an automatic...

s.sch001 The activity specified by article 9M of the Financial Services...

s.sch002 A programme of operations setting out, in particular, the type...

s.sch002 A statement of the applicant's security policy, including—

s.sch002 For an applicant subject to the obligations in relation to...

s.sch002 A description of the applicant's structural organisation, including, where applicable,...

s.sch002 In relation to each person holding, directly or indirectly, a...

s.sch002 (1) The identity of directors and persons who are or...

s.sch002 The identity of the auditors of the applicant, if any....

s.sch002 (1) The legal status of the applicant and, where the...

s.sch002 The address of the head office of the applicant.

s.sch002 For the purposes of paragraphs 4, 5, 6 and 12,...

s.sch002 In the case of an applicant which proposes to provide...

s.sch002 A business plan including a forecast budget calculation for the...

s.sch002 Evidence that the applicant holds initial capital for the purposes...

s.sch002 Where regulation 23 (safeguarding requirements) applies, a description of the...

s.sch002 A description of the applicant's governance arrangements and internal control...

s.sch002 A description of the applicant's procedure for monitoring, handling and...

s.sch002 A description of the applicant's process for filing, monitoring, tracking...

s.sch002 A description of the applicant's business continuity arrangements, including a...

s.sch002 A description of the principles and definitions used by the...

s.sch003 For the purposes of this Part, “initial capital” comprises one...

s.sch003 (1) “Method C” means the calculation method set out in...

s.sch003 Except where this Schedule provides for a different method of...

s.sch003 (1) The amount of initial capital referred to in regulations...

s.sch003 The amount of own funds referred to in regulation 22(1)(b)...

s.sch003 The FCA may direct that an authorised payment institution must...

s.sch003 A direction made under paragraph 4 must be on the...

s.sch003 The FCA may make a reasonable charge for making an...

s.sch003 If an authorised payment institution has not completed a full...

s.sch003 (1) “Method A” means the calculation method set out in...

s.sch003 (1) “Method B” means the calculation method set out in...

s.sch003a Application and modification of the Banking Act 2009

s.sch003a Insolvency regulations

s.sch003a Section 233 of the Banking Act 2009 (insolvency regulations) applies...

s.sch003a Section 234 of the Banking Act 2009 (regulations: details) applies...

s.sch003a Section 235 of the Banking Act 2009 (regulations: procedure) applies...

s.sch003a Section 236 of the Banking Act 2009 (review) applies as...

s.sch003a For the purposes of the modifications in this Schedule— “...

s.sch004 The following information about the payment service provider—

s.sch004 The following information about the payment service—

s.sch004 The following information about charges, interest and exchange rates—

s.sch004 The following information about communication— (a) the means of communication...

s.sch004 The following information about safeguards and corrective measures—

s.sch004 The following information about changes to and termination of the...

s.sch004 The following information about redress— (a) any contractual clause on—...

s.sch005 Power to prohibit the entry into credit agreements

s.sch005 Power to restrict the entry into credit agreements and to withdraw or vary a restriction

s.sch005 Interpretation

s.sch005 Notice of prohibition or restriction

s.sch005 Application to withdraw or vary prohibition or restriction

s.sch005 Notice to the home state competent authority

s.sch006 Disciplinary powers

s.sch006 Warning notices and decision notices

s.sch006 Limitation on power to require documents

s.sch006 The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001

s.sch006 The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

s.sch006 The Upper Tribunal

s.sch006 FCA rules

s.sch006 Information gathering and investigations

s.sch006 Control over payment institutions

s.sch006 Incoming firms: interventions by the FCA

s.sch006 Auditors and actuaries

s.sch006 Restriction on disclosure of information

s.sch006 Insolvency

s.sch007 Exercise of market access rights by Gibraltar-based firms

s.sch007 Exercise by authorised payment institutions of market access rights in Gibraltar

s.sch007 References to Gibraltar regulator

s.sch007 Modification of legislation

s.sch008 Consumer Credit Act 1974

s.sch008 Financial Services (Distance Marketing) Regulations 2004

s.sch008 Investment Bank Special Administration Regulations 2011

s.sch008 Consumer Rights (Payment Surcharges) Regulations 2012

s.sch008 Postal Services Act 2011 (Disclosure of Information) Order 2012

s.sch008 Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012

s.sch008 Payment to Treasury of Penalties (Enforcement Costs) Order 2013

s.sch008 Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014

s.sch008 Communications Act 2003 (Disclosure of Information) Order 2014

s.sch008 Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014

s.sch008 Public Interest Disclosure (Prescribed Persons) Order 2014

s.sch008 Financial Services and Markets Act 2000

s.sch008 Enterprise Act 2002 (Part 8 EU Infringements) Order 2014

s.sch008 Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015

s.sch008 Mortgage Credit Directive Order 2015

s.sch008 Small and Medium Sized Business (Credit Information) Regulations 2015

s.sch008 Small and Medium Sized Business (Finance Platforms) Regulations 2015

s.sch008 Payment Accounts Regulations 2015

s.sch008 Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

s.sch008 Enterprise Act 2002

s.sch008 Financial Services (Banking Reform) Act 2013

s.sch008 Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975

s.sch008 Individual Savings Account Regulations 1998

s.sch008 Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

s.sch008 Child Trust Funds Regulations 2004

Help complying

Guvnor’s practical routes through this instrument.

Start a financial services business

Launch an FCA-regulated financial services business with proper authorisation

Start a tech business

Launch a software, digital services, or technology startup

Start a creative business

Launch a creative business - freelance designer, photographer, writer, videographer, production company, or studio

Fintech regulation and FCA authorisation

How to navigate FCA regulation for fintech businesses. Covers e-money and payment services, Open Banking, crypto-assets, and innovation support programmes including the …

Tech Sector Licensing and Authorisations

Comprehensive guide to licences and regulatory authorisations required for technology businesses - telecommunications, financial services, intellectual property, export controls, and product safety.

3 more guides that reference this instrument

Get FCA authorisation for financial services Get authorised as a payment institution or e-money institution Opening a business bank account

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Payment Services Regulations 2017

Does it bind you?

Other Acts binding the same actors

What it requires

Introductory provisions

Registration

Authorised Payment Institutions

Provisions Applicable to Authorised Payment Institutions and Small Payment Institutions

Requirements for providers of certain services which are not payment services

Information Requirements for Payment Services

Rights and Obligations in Relation to the Provision of Payment Services

Access to payment systems and bank accounts

The Financial Conduct Authority

The Payment Systems Regulator

General

Schedules

Help complying

Start a financial services business

Start a tech business

Start a creative business

Fintech regulation and FCA authorisation

Tech Sector Licensing and Authorisations