Reference Case Number: FOI11878
Freedom of Information: Right to know request:
The number of E-money Institution, Payment institution, Small E-money institution, and Small Payment institutions licences that have been cancelled between 2018 - 2023, broken down by: licence withdrawn on request by the firm, and licence removed by the FCA.
FCA response:
The information you requested is set out in the table below. We have also added in rows to reflect those E-Money and Payment Institutions that were passporting and were cancelled in the requested periods. They are not broken down into sub-categories, so we have had to leave them as one category.
| Type of Firm/Status | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Authorised Payment Institution | ||||||
| Licence withdrawn on request by the firm | 1 | 0 | 1 | 4 | 38 | 34 |
| Licence removed by the FCA | ||||||
| Small Payment Institution | ||||||
| Licence withdrawn on request by the firm | 29 | 10 | 2 | 17 | 36 | 26 |
| Licence removed by the FCA | 1 | 1 | 1 | |||
| Authorised E-Money Institution | ||||||
| Licence withdrawn on request by the firm | 2 | 1 | 4 | 5 | 13 | 5 |
| Licence removed by the FCA | ||||||
| Small E-Money Institution | ||||||
| Licence withdrawn on request by the firm | 1 | 2 | 2 | 4 | 4 | 2 |
| Licence removed by the FCA | ||||||
| Registered Account Information Service Provider | ||||||
| Licence withdrawn on request by the firm | 0 | 0 | 0 | 3 | 10 | 8 |
| Licence removed by the FCA | ||||||
| Temporary Permission Regime (TPR) firms - formerly inwardly passporting firms | ||||||
| Licence withdrawn on request by the firm | 0 | 0 | 0 | 2 | 37 | 64 |
| Licence removed by the FCA | ||||||
| Total Licence withdrawn on request by the firm | 1 | 1 | 1 | |||
| Total Licence removed by the FCA | 33 | 13 | 9 | 35 | 138 | 129 |