Regulation
Safe and secure, rest assured
We take our role as a small payment institution incredibly seriously. We are fully compliant with the stringent requirements of both the Financial Conduct Authority and HMRC.
Regulation we
comply with
Security for Expenses Ltd. is registered at the Financial Conduct Authority as Small Payment Institution No. 764090.
Security for Expenses Ltd. is supervised for anti-money laundering by HM Revenue and Customs as Money Service Business No. XNML00000167088.
Good to know
All money that is deposited through Security for Expenses Ltd. is safeguarded under the Payment Services Regulations 2017.
Consumers who use Security for Expenses Ltd. have the right to cancel under Regulation 9 of the Financial Services (Distance Marketing) Regulations 2004.
What to look for
Any person or organisation holding security for expenses must register with the Financial Conduct Authority as a Small Payment Institution or an Authorised Payment Institution (unless they are supervised by a Supervisory Authority designated under the anti-money laundering regulations). You can check the status of any firm on the FCA Firm Checker.
This is true even of RICS members and RICS-regulated firms.
To help property owners and surveyors understand the requirements, our founder, Mikael Rust, has written a detailed analysis of the regulations to be published in the forthcoming issue of the peer-reviewed Journal of Building Survey, Appraisal and Valuation – read it here.
Straightforward support
If you need more information, get in touch with our support team or check our FAQs.