Find out how to apply to change the payment services you provide, or add or remove limitations or requirements.
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You should consider whether your capital requirements may change because of the variation.
When not to apply for a variation
You can't apply to vary your status from being:
- authorised to registered, or
- registered to authorised
For example, if you're an authorised electronic money institution or payment institution, you can't vary your permission to become a registered small electronic money institution or small payment institution.
To change your status from being authorised to being registered, or vice versa, you must submit a new application.
You also can't apply to vary:
- from being a registered account information service provider (RAISP) to being a payment institution or electronic money institution
- your registration/authorisation from being a payment institution to an electronic money institution (or vice versa)
How to apply for a variation
Please apply via Connect.
Once we receive your application, we'll usually make a decision within 3 months if it's complete or 12 months if it's incomplete.
Variation fees
The fee for variation of authorisation/registration is half of your original application fee.
There's no fee if you're only removing services.