How can we help?
To access legal support from just £140 per hour arrange your no-obligation initial consultation to discuss your business requirements.
If you’re involved in providing payment services or issuing electronic money (e-money), or work with someone who is, you can rely on our expert solicitors for strategic and pragmatic legal and regulatory advice whether your provide regulated or unregulated services or assist those that do.
We can advise you on if you need to become authorised, and on the authorisation process and mechanics, to:
and how to comply with the applicable regulatory regime.
What we do
The Payment Services Regulations 2017 (PSR) and the Electronic Money Regulations 2011 (EMR and together with the PSR the Regulations) govern the provision of payment services and issuance of e-money in the UK. The PSR creates an authorisation and registration regime that differs from the authorisation regime under Part 4A of the FSMA which applies to e-money and other regulated financial services.
In order to provide payment services or issue e-money you must either have appropriate authorisation and permissions under Part 4A FSMA, be exempt or be an agent of a payment institution or e-money institution.
The Regulations detail what does and does not constitute the provision of payment services and issuance of electronic money. Many firms provide services that fall outside of the Regulations but require advice to make sure they structure their products and operations so that they do not inadvertently provide services that require FCA authorisation or registration as to do so would be a criminal offence.
Our payment services lawyers can assist you with your payment services requirements and walk you through what you need to do from applying for authorisation through to dealing with your regulators. Some of the typical areas we would help your business with include:
Our payment services solicitors will also work closely with our corporate and commercial teams to cover all aspects of your deal, so the legal work is seamless whatever the transaction.
Who we help
Our payment services lawyers regularly advise many different individuals and organisations, such as:
We explain how the Regulations may affect you and your business, or if you’re new to financial services, we can discuss how you need to become regulated and the steps to maintain that regulation.
Our payment services solicitors have all been recruited from top 100 UK law firms or from large international businesses. They each have more than 15 years’ experience. Find out more about our finance solicitors here:
Our three transparent pricing packages are designed to give you the widest possible access to high-quality legal advice, whatever the size and nature of your business:
Straightforward access to senior solicitors at a competitive rate.
An affordable solution for businesses needing one-off legal support. Receive ‘City’ partner-level expertise at a fraction of ‘City’ prices.
Have legal peace of mind for £209 per month with additional support from £140 per hour.
A monthly subscription legal support package specifically designed for start-ups and smaller businesses.
Providing you with priority access to a dedicated panel of highly experienced solicitors.
Fully account managed quarterly subscription service for businesses with more complex legal needs.
Please leave us your details and we’ll contact you to discuss your situation and legal requirements. There’s no charge for your initial consultation, and no-obligation to instruct us. We aim to respond to all messages received within 24 hours.
Our commercial lawyers are based in or close to major cities across the UK, providing expert legal advice to clients both locally and nationally.
We mainly work remotely, so we can work with you wherever you are. But we can arrange face-to-face meeting at our offices or a location of your choosing.