The Financial Conduct Authority (FCA) has informed that restrictions have been imposed on Wirecard Card Solutions Limited’s authorisation pursuant to regulation 11(1) of the Electronic Money Regulations 2011. As of 30 June 2020, the FCA has provided Wirecard with written consent to resume issuing electronic money and providing payment services. This means that Wirecard may operate its business. Certain requirements continue to remain in place, the full set of these requirements have been published in the FCA’s Register.
For further details concerning the restrictions in place for Wirecard Card Solutions Limited, please see the following link.