Schedule 3, Part 2, paragraph 9

“Method B” means the calculation method set out in this paragraph. The own funds requirement is the sum of the following elements multiplied by the scaling factor— 4% of the first 5,000,000 euros of payment volume; 2.5% of the next 5,000,000 euros of payment volume; 1% of the next 90,000,000 euros of payment volume; 0.5% of the next 150,000,000 euros of payment volume; and 0.25% of any remaining payment volume. “Payment volume” means the total amount of payment transactions executed by the authorised payment institution in the preceding financial year divided by the number of months in that year. The “scaling factor” is— 0.5 for a payment institution that is authorised to provide only the payment service specified in paragraph 1(f) of Schedule 1 (money remittance); and 1 for a payment institution that is authorised to provide any other payment service specified in paragraph 1(a) to (e) of Schedule 1.

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