Section 37(1)

Where it becomes apparent to an authorised payment institution , a small payment institution or a registered account information service provider that there is, or is likely to be, a significant change in circumstances which is relevant to— it must provide the FCA with details of the change without undue delay, or, in the case of a substantial change in circumstances which has not yet taken place, details of the likely change a reasonable period before it takes place. in the case of an authorised payment institution— its fulfilment of any of the conditions set out in regulation 6(4) to (9) (conditions for authorisation) and, if applicable, the requirement in regulation 22(1) (capital requirements) to maintain own funds; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . in the case of a small payment institution, its fulfilment of any of the conditions set out in regulation 14(5) to (11) (conditions for registration as a small payment institution) and compliance with the financial limit referred to in regulation 8 (as modified by regulation 15) (variation of registration at request of small payment institution); ... in the case of a registered account information service provider, its fulfilment of any of the conditions set out in regulation 18(3) and (4) (conditions for registration); and in the case of the use of an agent to provide payment services, the matters referred to in regulation 34(7)(b) and (c) (use of agents),

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