E-Commerce directive firms
The main parts of this Register carry the names of firms which are either authorised in the UK, or which are authorised in another European Economic Area State and have chosen to 'passport' into the UK under relevant EEA agreements. This page is different however, since it concerns only firms which are operating under the E-Commerce Directive.
This Directive was adopted in the European Union on 8 June 2000, and was implemented in the UK during the summer of 2005. The ECD is intended to make it easier for firms to provide their services via electronic channels across national borders. It requires Member States to lift requirements which would otherwise impede inward providers doing this.
For financial services, this has obliged the FSA to lift most of its rules that would otherwise apply to incoming cross border financial services from firms based in other EEA states which are providing such services via electronic channels into the UK. The rules which have been lifted in this way include most of the FSA's authorisation and passporting requirements.
This page therefore contains only firms who are doing financial services business in the UK under the coverage of the E-Commerce Directive, and who are neither authorised in the UK nor have passported into the UK.
Some of these firms are authorised in their home country, and our data entry for them states this and names their home regulator. You might like to make further enquiries via the hyperlink for that regulator, including checking whether a firm that claims to be authorised in its home country actually is.
But not all financial services are regulated in all member states, so some of the firms on this list may not be authorised in their home country either, in which case our data entry makes this clear. You may wish to be especially vigilant when deciding whether or not to entrust your money to a provider that may not be authorised anywhere.
It should be noted that this list only includes the names of those firms operating under the E-Commerce Directive who have requested to be included on the FSA Register. Absence from this page does not mean that a provider from another member state is acting unlawfully if it is providing or promoting financial services by electronic means.
The E-Commerce Directive requires firms to provide on their web-site their name, address, details of its regulators and VAT number, and we include these in our data entries, with the exception of the VAT number.
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