Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- NewTier D
No EEA passporting on record.
Authorised for 3 payment-services activities.
Authorised within the last year.
About this institution
Verified active. BOUND RATES LIMITED holds a current UK e-money licence. The Financial Conduct Authority authorised the company to issue electronic money. It also authorises distribution and redemption of electronic money. The entity safeguards customer funds under the licence.
The register shows no passporting jurisdictions are listed.
Licence granted 19 February 2026. No passporting jurisdictions are indicated in the register. Operational status is active as at the last cross-check. Financial Conduct Authority reference 1036025 confirms the licence is active.
Licence timeline
3 dated eventsDated events for BOUND RATES LIMITED, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Financial Conduct Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Financial Conduct Authority
Position in the United Kingdom register
United Kingdom EMIs
474
Active
289
Full / small licences
403 / 71
Licence age rank
274/287
BOUND RATES LIMITED is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 274th oldest of the 287 dated United Kingdom EMI authorisations, one of 17 granted in 2026.
Is your money safe with BOUND RATES LIMITED?
BOUND RATES LIMITED holds an e-money authorisation from Financial Conduct Authority, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by the FSCS, so there is no automatic compensation payout if the firm fails.
If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.
Authorised activities (PSD2 / EMD2)
Payment-services activities BOUND RATES LIMITED is permitted to carry out under its licence, as recorded in the register.
- Distribution and redemption of electronic moneyEMI_DISTRIBUTION
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is BOUND RATES LIMITED a licensed e-money institution?
- Yes. BOUND RATES LIMITED holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 1036025. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates BOUND RATES LIMITED?
- BOUND RATES LIMITED is authorised and supervised by Financial Conduct Authority in United Kingdom. Its e-money licence and current status are listed on the FCA Financial Services Register at register.fca.org.uk.
- What is BOUND RATES LIMITED's licence or FRN number?
- BOUND RATES LIMITED's licence reference number is 1036025. Enter it on the FCA Financial Services Register at register.fca.org.uk to confirm the institution's identity and that its authorisation is in force.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in United Kingdom
Ratings & reader notes
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