FCA Announces Payment Services Authorisation Information Sessions
The FCA held a Payment Services Authorisation Information Session on 9 May 2025 in Stratford, with a virtual session in June 2025. The sessions were aimed at payments and e-money firms seeking FCA authorisation, as well as advisory firms supporting the sector.
Michaela Clarke
Operations & Compliance Coordinator
Published 20 February 2025. Regulatory dates and requirements may have changed since.
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The Financial Conduct Authority (FCA) held an in-person Payment Services Authorisation Information Session on 9 May 2025 in Stratford, with a virtual session to follow in June 2025. The event was a valuable opportunity for firms operating in the payments and e-money sector to gain critical insights into the authorisation and registration process.
What the Sessions Offered
Applying for FCA authorisation can be complex, and firms need to demonstrate they are ready, willing, and organised to meet regulatory requirements. Attending the session offered:
- First-hand Guidance – Hear directly from the FCA on key expectations for payments and e-money firms.
- Regulatory Insights – Gain clarity on the authorisation process, common pitfalls, and best practices.
- Application Readiness – Understand the documentation and compliance measures required to submit a strong application.
- Industry Networking – Connect with fellow professionals and advisory firms supporting the sector.
Whether you’re a new market entrant or an established firm looking to expand, the session was an essential step in ensuring a smooth authorisation journey.
Who the Sessions Were For
The session was relevant for:
- Payments and e-money firms seeking FCA authorisation or registration.
- Advisory firms supporting businesses in this sector.
Whether you are a new entrant navigating the complexities of FCA compliance or an established firm looking to refine your approach, the session was designed to provide guidance on meeting regulatory requirements effectively.
Applying for Authorisation
The sessions have now taken place. For the current process, see the FCA's guidance on applying to be an e-money or payment institution.
How MEMA Can Help
At MEMA, we specialise in FCA authorisation support and compliance consultancy. From drafting a robust Regulatory Business Plan to ensuring your Financial Crime procedures meet the required standards, our team of experts is here to guide you through the entire authorisation process.
If you're planning to apply for FCA authorisation, navigating the FCA’s requirements can still be challenging. Our team can assist you in preparing a compliant and well-structured application to increase your chances of approval.
Get in touch with us today to discuss how we can support your FCA authorisation journey.
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