Schedule 3, Part 2, paragraph 8

“Method A” means the calculation method set out in this paragraph. The own funds requirement is 10% of the authorised payment institution's fixed overheads for the preceding financial year. If a material change has occurred in an authorised payment institution's business since the preceding financial year, the FCA may direct that the own funds requirement is to be a higher or lower amount than that calculated in accordance with sub-paragraph (2).

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