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Financial Conduct Authority

The Financial Conduct Authority (FCA) is an independent financial regulatory body in the United Kingdom. It operates independently of the UK Government and is funded through fees charged to members of the financial services industry.

The FCA's role includes regulating financial firms that provide services to consumers and ensuring the integrity of the financial markets in the United Kingdom.

Monek's FCA Authorisation​

Monek Merchant Services is authorised by the FCA as an Authorised Payment Institution, enabling us to provide regulated payment services to merchants and partners.

  • FCA Registration Number: 900690
  • Trading Name: Monek Merchant Services
  • Status: Authorised

What This Means for Merchants​

FCA authorisation means that Monek:

  • Is subject to ongoing regulatory oversight and supervision
  • Must meet strict standards for safeguarding client funds
  • Is required to maintain adequate capital reserves
  • Must comply with conduct of business rules designed to protect consumers
  • Is subject to regular reporting obligations to the FCA

You can verify our authorisation status on the FCA Financial Services Register.