Insights, Regulation

We're Authorised and Regulated

Hannah Mellow By Hannah Mellow on 20 September 2016   •   0 mins read
<span id="hs_cos_wrapper_name" class="hs_cos_wrapper hs_cos_wrapper_meta_field hs_cos_wrapper_type_text" style="" data-hs-cos-general-type="meta_field" data-hs-cos-type="text" >We're Authorised and Regulated</span>

From the 1st September 2016, our subsidiary Modulr FS Limited became authorised and regulated by the Financial Conduct Authority (FCA) as an Authorised Electronic Money Institution (AEMI). You can find us on the Financial Services Register here.

So what does this actually mean? We now have permission from the FCA to issue electronic money (e-money) and provide payment services. We are proud of this new status and of this significant achievement - a huge milestone for the team.