UK Conduct Regulator Publishes Supplementary Directions for E-Money and Payment Services Temporary Permissions Regime

The U.K. Financial Conduct Authority has published two supplementary Directions under the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 specifying that notifications by e-money and payment services firms wishing to take advantage of the FCA’s temporary permissions regime will not be valid if they are withdrawn in writing prior to exit day. The FCA has previously issued Directions setting out how such firms should notify the FCA of their intention to make use of the temporary permissions regime.

View the FCA's supplementary Direction on withdrawal of notifications by e-money services firms.

View the FCA's supplementary Direction on withdrawal of notifications by payment services firms. 

View details of the FCA’s Directions for notifications by e-money and payment services firms.

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