Reference Case Number: FOI11240
Freedom of Information: Right to know request:
Please provide the number of applications for:
- Authorised payment institutions
- E-money institutions for each year of the last 3 years
Please provide the number of approved authorisations for:
- Authorised payment institutions
- E-money institutions for each year of the last 3 years
FCA response:
The information you are seeking can be found in the below Annex A.
Please note, the data provided includes information on the applications from Authorised Payment Institutions (API), Authorised Electronic Money Institutions (AEMI) and Small Electronic Money Institutions (SEMI).
SEMIs are required to apply to be ‘registered’ by the FCA, rather than for authorisation; however, they have been included for completeness.
Annex A
Applications received | ||||
Year | AEMI | SEMI | API | Grand Total |
2021 | 84 | 21 | 69 | 174 |
2022 | 55 | 8 | 56 | 119 |
2023 | 58 | 12 | 46 | 116 |
2024 (year to date) | 9 | 2 | 8 | 19 |
Approved applications | ||||
Year | AEMI | SEMI | API | Grand Total |
2021 | 30 | 10 | 31 | 71 |
2022 | 9 | 1 | 11 | 21 |
2023 | 14 | 16 | 30 | |
2024 (year to date) | 6 | 3 | 9 | |
* Due to time taken for the FCA to assess applications for authorisation, the year in which a case is determined (for example, approved) may not be the year it was submitted to the FCA.