Register any change in qualifying holdings of your authorised or small payment institution with the FCA.
A qualifying holding is a person or firm with a direct or indirect holding that either:
- represents 10% or more of the capital or voting rights, or
- which makes it possible to exercise a significant influence over the management of that undertaking
A change in qualifying holding happens when a person or firm:
- acquires a qualifying holding
- reduces their holding so that they no longer have a qualifying holding
Tell us about the change
You must notify us if there’s a change in a qualifying holding. Complete the relevant form according to who’s involved.
Fill in a:
- change in qualifying holding individual form if the change involves an individual
- change in qualifying holding corporate form if the change involves an incorporated company
- change in qualifying holding partnership form if the change involves a partnership
- change in qualifying holding trust form if the change involves a trust
How you notify us
Acquiring a qualifying holding
Send a completed form by post to:
Change in Control Team
Permissions Department, Authorisations Division
Financial Conduct Authority
25 The North Colonnade
London E14 5HS
Reducing a qualifying holding
Email us at firstname.lastname@example.org and make clear the date this change will take place.
When to notify us
You should notify us 28 days before a change in qualifying holdings takes place.
If you need to notify us in fewer than 28 days, contact us.
If you don’t notify us 28 days before a change in qualifying holdings takes place, you can be fined.
Read Chapter 4 of The FCA’s role under the Payments Services Regulations 2009: Our approach.