Treating an EMI application as a product integration falls short. Scope of activity, governance, capital and operational requirements must be assessed together.
Entity and activity
Clarify which e-money or payment services will be offered. Do not choose the application type by looking at another organisation's example; verify the scope against current FCA statements.
Capital and currency
Read the capital amount together with the licence type and the applicable calculation rule. Do not rewrite euro amounts in FCA documents as sterling; do not present a currency conversion as a legal threshold.
Operations and controls
Identity checks, risk review, record-keeping and the use of outsourced services are only one part of application preparation. Instead of guaranteeing a fixed cost or completion time, build an institution-specific preparation plan.
Sources
Sources were checked as part of the review dated 9 September 2026. Refer to the official text for current provisions.
This content is general information. Determine the requirements that apply to your institution from current official sources and your own assessment process.
See the related product scope → Payment and e-money solution
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