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
- MatureTier B
No EEA passporting on record.
Authorised for 3 payment-services activities.
Authorised 8 years ago.
About this institution
Verified active. First Rate Exchange Services Ltd holds a current licence issued by the Financial Conduct Authority under reference 900412, granted in April 2018. The authorisation covers three core activities: distribution and redemption of electronic money, issuance of electronic money, and safeguarding of customer funds. These functions define the scope of permissible operations as recorded in the FCA register.
The entity operates within the United Kingdom only. No EEA passporting notifications are on record, meaning the licence does not extend to host states beyond the UK jurisdiction.
Data note: The register lists no cross-border passporting activity. The entity's authorisation continues as active as at the last cross-check against the Financial Conduct Authority register under licence reference 900412.
Authorised activities (PSD2 / EMD2)
Payment-services activities First Rate Exchange Services Ltd is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
- Distribution and redemption of electronic moneyEMI_DISTRIBUTION
Frequently asked questions
- Is First Rate Exchange Services Ltd a licensed e-money institution?
- Yes. First Rate Exchange Services Ltd holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 900412. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates First Rate Exchange Services Ltd?
- First Rate Exchange Services Ltd 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 First Rate Exchange Services Ltd's licence or FRN number?
- First Rate Exchange Services Ltd's licence reference number is 900412. 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
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