Scope of Legal Services for SPI License UK

While the process of applying for and obtaining a UK SPI License may seem daunting, it is not. In fact, the process is fairly straightforward and with our support, you have nothing to worry about. Once you sign up with us, we can assist you with the following:

  1. Draft the policies for a Small Payment Institution, particularly AML and other compliance policies
  2. Carry out risk assessments and make sure that you are well informed about all your risks
  3. Prepare an outline for your internal and external operations
  4. Develop Incident Handling Policies and Security Policies
  5. Prepare forms and documentation to be submitted to the FCA
  6. Complete and submit the application for the SPI License to the FCA
  7. Online MLR Training for one staff member – additional training costs £200 per person
  8. HMRC registration, application and associated correspondence and documentation
  9. Apply for Fit and Proper Status of Directors

To get help acquiring a license, sign up below!

This page was last updated on February 4, 2022.