Payment Services

Experienced, specialist, committed

We provide a full range of support to businesses that are regulated under the payment services regulations including:

  • audit of financial statements
  • preparation of financial statements
  • applications for authorisation as payment institutions  – including registration for the forthcoming Second Payment Services Directive (PSD 2)
  • advisory services in relation to the payment services regulations and review of compliance with safeguarding requirements

PSD 2

The Second Payment Services Directive (PSD 2) is the product of a review of the original Payment Services Directive and requires payments service providers to make a significant number of changes to existing operations. Applications for authorisation under PSD2 need to be submitted by 13 April 2018.

All firms that have been authorised under the original PSD will be required to re-apply to the Financial Conduct Authority (FCA) to demonstrate that they meet the additional requirements of PSD2. We can help you with this process, ensuring that your business is registered correctly and on time.

We can also prepare applications for authorisation for the newly-regulated activities of account information service providers and payment initiation services.