If your firm is in the supervised run-off (SRO) regime or the contractual run-off (CRO) regime find out how to tell us that it has run-off its UK business.
FSMA Schedule 3 firms that previously passported into the UK
Firms in SRO that no longer have business which requires them to have UK permission can apply to us to cancel their limited permission and leave UK regulation.
However, cancelling a permission will vary depending on the facts that apply to your firm. Before beginning the process, your firm may wish to seek independent legal advice on its need to be authorised in the UK.
The sections below explain what your firm should do depending on its circumstances.
Payments institutions, registered account information service providers and electronic money institutions that previously passported into the UK
Your firm should note that the effect of leaving SRO or CRO will vary significantly depending on the facts that apply to your firm. As such, before beginning the process, your firm may wish to seek its own independent legal advice on your firm’s need for authorisation or registration in the UK.
The sections below explain what your firm should do depending on its circumstances.