Registered account information service provider (RAISP) applicants

Find out what conditions you must meet to become a RAISP, and what to include in your application to be registered with us.

To be a RAISP, the only payment service your firm can provide is account information services (AIS). If you intend to provide AIS alongside other payment services, you'll need to apply to become an authorised payment institution.

Before submitting your application, you should also read our page for all payments and e-money firm applicants and our main how to apply page.

Conditions you must meet

To become a RAISP, you must:

  • not provide any payment service other than AIS
  • hold relevant professional indemnity insurance or a comparable guarantee

Supporting material

Follow our guidance on how to prepare your application before submitting it on our Connect system.

Make sure you also include the supporting material listed below.

Registering people to manage your RAISP

You must register all of the:

  • members of your management board – ie the directors if you're a limited company or the members if you're a limited liability partnership (LLP)
  • management staff – usually this will include your Head of Compliance and/or Money Laundering Reporting Officer (MLRO)
  • other people who are responsible for managing your firm's registered activities
    • you don't need to register staff that aren't directly responsible for these activities

You must also notify us in advance of any changes in the people responsible for your registered services.

Registering agents

Once your firm is authorised or registered, you must register with us any agents who'll provide payment services on your behalf.

To do this, you'll need to complete a form in Connect to provide details of the agent(s) you're proposing to appoint and the arrangements you have in place to oversee them.

To help you prepare in advance, you can refer to a copy of this agent form.

If you want to register agents but didn't tell us this in your original application for authorisation or registration, you should inform us that you now want to appoint agents by submitting a SUP 15 notification form. Please do this before submitting any applications to register individual agents. The SUP 15 notification will ask you to explain how you've mitigated the possible risks of using agents.

Page updates

: Document added Form for registering agents
: Information changed Page updated again as part of website refresh
: Editorial amendment page update as part of the website refresh

29/07/2020: Information added detailed application information