Reference Case Number:
FOI12154
Freedom of Information: Right to know request:
1. The number of E-money Institution, Payment institution, Small E-money institution, and Small Payment institutions licences that have been cancelled in 2024, broken down by: licence withdrawn on request by the firm, and licence removed by the FCA.
2. Please provide data on the number of firms in the sector who entered the Brexit Supervised Run-Off (SRO) regime, and their licences were removed over the course of 2021-2023.
FCA response:
| Type of Firm/Status | 2024 |
|---|
| Authorised Payment Institution | |
| License voluntarily cancelled by firm | 24 |
| License revoked by the FCA | 3 |
| | |
| Small Payment Institution | |
| License voluntarily cancelled by firm | 46 |
| License revoked by the FCA | 8 |
| | |
| Authorised E-Money Institution | |
| License voluntarily cancelled by firm | 7 |
| License revoked by the FCA | 0 |
| | |
| Small E-Money Institution | |
| License voluntarily cancelled by firm | 1 |
| License revoked by the FCA | 1 |
| | |
| Registered Account Information Service Provider | |
| License voluntarily cancelled by firm | 10 |
| License revoked by the FCA | 0 |
| | |
| Total firms voluntarily cancelled | 88 |
| Total firms revoked | 12 |
