Banking - Financial Conduct Authority

Banking, Payments and E-money Regime

Last Modified: 10/08/2015
The Banking and Payments Regime began on 1 November 2009. You can find information about each part of the regime by following the links on this webpage.

The regime comprises of the following elements:

Which parts of the regime apply to my business?

Deposit takers

If your business is a deposit taker such as a bank or building society, then the Banking Conduct Regime applies. This comprises:

  • the Banking Conduct of Business Sourcebook (BCOBS);
  • the Principles for Businesses; and
  • the conduct of business requirements of the PSRs.

The EMRs apply to deposit takers that issue electronic money from 30 April 2011.

Non-bank credit card issuers

The PSRs apply to your business.

Money remitters

The PSRs apply to your business. We have produced specific information for money remitters.

Non-bank merchant acquirers

The PSRs apply to your business.

Electronic money issuers

The EMRs apply from 30 April 2011 as well as the conduct of business requirements in the PSRs.