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 5 years ago.
About this institution
Verified active against the FCA Financial Services Register. Syncom (UK) Limited holds current authorisation under licence reference 932543, issued 18 February 2021. The entity is authorised to safeguard customer funds, issue electronic money, and distribute and redeem electronic money. These three activities form the scope of its regulated permissions as an e-money institution.
The register records no EEA passporting activity. Syncom (UK) Limited operates within the United Kingdom only and has not established branches or notified host state regulators across the European Economic Area.
The data note: the operational status is confirmed as active as at the last cross-check. The entity's authorisation continues under FCA supervision, reference 932543.
Licence timeline
3 dated eventsDated events for Syncom (UK) 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
192/287
Syncom (UK) Limited is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 192nd oldest of the 287 dated United Kingdom EMI authorisations, one of 37 granted in 2021.
Is your money safe with Syncom (UK) Limited?
Syncom (UK) 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 Syncom (UK) Limited is permitted to carry out under its licence, as recorded in the register.
- Distribution and redemption of electronic moneyEMI_DISTRIBUTION
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is Syncom (UK) Limited a licensed e-money institution?
- Yes. Syncom (UK) Limited holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 932543. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates Syncom (UK) Limited?
- Syncom (UK) 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 Syncom (UK) Limited's licence or FRN number?
- Syncom (UK) Limited's licence reference number is 932543. 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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