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 under 2 years ago.
About this institution
Verified active. SGM - FOREIGN EXCHANGE LIMITED is listed on the Financial Conduct Authority register as a UK electronic money institution. The licence authorises safeguarding of customer funds, issuance of electronic money, and the distribution and redemption of electronic money.
The licence does not provide for passporting into other EEA states; no host states are recorded under the current register entry.
Data note: the licence granted date is 3 April 2025. The register confirms the entity's authorisation continues. The Financial Conduct Authority lists this entity under licence reference 1012490, with a current status of active.
Licence timeline
3 dated eventsDated events for SGM - FOREIGN EXCHANGE 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
253/287
SGM - FOREIGN EXCHANGE LIMITED is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 253rd oldest of the 287 dated United Kingdom EMI authorisations, one of 19 granted in 2025.
Is your money safe with SGM - FOREIGN EXCHANGE LIMITED?
SGM - FOREIGN EXCHANGE 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 SGM - FOREIGN EXCHANGE 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 SGM - FOREIGN EXCHANGE LIMITED a licensed e-money institution?
- Yes. SGM - FOREIGN EXCHANGE LIMITED holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 1012490. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates SGM - FOREIGN EXCHANGE LIMITED?
- SGM - FOREIGN EXCHANGE 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 SGM - FOREIGN EXCHANGE LIMITED's licence or FRN number?
- SGM - FOREIGN EXCHANGE LIMITED's licence reference number is 1012490. 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
0 written notes
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