Schedule 2, Part 2, paragraph 21(4)

The “scaling factor” is— 0.5 for an authorised electronic money institution providing a payment service specified in paragraph 1(f) of Schedule 1 to the Payment Services Regulations 2017; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 for an authorised electronic money institution providing any other payment service specified in paragraph 1(a) to (e) of Schedule 1 to those Regulations.

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Source: legislation.gov.uk · retrieved 2026-09-04