Section 60(5)

The Commissioners may suspend (for such period as they consider appropriate) or cancel the registration of a money service business in a register maintained under regulation 54(2)(b) where the money service business is— providing a payment service in the United Kingdom, or is purporting to do so; not included in the register of payment service providers maintained by the FCA under regulation 4(1) of the Payment Service Regulations 2017; and not a person— mentioned in paragraphs (d) to (j) of the definition of a “payment service provider” in regulation 2(1) of the Payment Services Regulations 2017, or to whom regulation 3 or 154(2) of those Regulations applies.

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