Authorisations

Our Managing Partner, Dr Thaer Sabri, advised on and successfully obtained the first UK e-money authorisation in 2002, and has since advised on and secured authorisations for many of the UK’s leading e-money issuers.

Thaer also advised on and obtained the first Payment Institution authorisation in 2009, and has since supported numerous further applications, in conjunction with our sister consultancy firm, Flawless Money.

Our full-service authorisation offering is tailored to each client and includes advice on the appropriate permissions required to support service delivery. This involves analysing the services provided by the applicant’s business to assess which permissions are needed and whether any exclusions may be available.

In some cases, services can be structured under different regulatory interpretations, each with its own implications for the business.

We work closely with applicants to prepare the full application package for submission to the relevant regulator, including the required forms and operational documentation. In conjunction with Flawless Money, we can support all key areas of an application, including IT security, legal drafting, AML and regulatory compliance.

This process also extends to variations of permission for existing authorised entities and draws on our full range of expertise, distinguishing us from competitors in this space.