GLOBUS PAYMENTS LTD

Limits on what they may do

• Restrictions on business activities

  1. The Firm must not register, onboard, or provide regulated payment or electronic money services (either directly or through outsourced partners) to any new customers without the prior written consent of the Authority. 2. The Firm must not provide any regulated payment or electronic money services (either directly or through outsourced partners) to any existing customers without the prior written consent of the Authority.

• Assets Requirements

  3. The Firm must not return, transfer, or otherwise deal with any funds that have been received in exchange for electronic money that has been issued (“Relevant Funds” as defined in regulation 20 of the EMRs) without the prior written consent of the Authority. 4. The Firm must ensure that all Relevant Funds are appropriately ringfenced in a designated safeguarding account, in accordance with regulations 20, 21 and 22 of the EMRs. For the avoidance of doubt, if this requires a transfer between accounts, this must be done with the prior written consent of the Authority.

• Notification Requirement

  5. The Firm must by 12 August 2026 notify, in writing, all customers, banking partners, payment service providers or any other relevant person of the imposition and effect of the Requirements. The Firm must agree the form, wording and method of delivery with the Authority in advance. 6. By 12 August 2026, the Firm must: 7. ensure that a prominent notice is displayed on the front page of its website, and any website that it controls, or mobile app, in terms, font and size to be agreed with the Authority, outlining the effect of the Requirements and providing a link to the relevant website and entry in the Financial Services Register relating to the Firm where the terms of those Requirements will appear. a. ensure that, when any client of the Firm enters login details to access an account, a prominent notice is immediately displayed to the client, in terms, font and size to be agreed with the Authority, outlining the effect of the Requirements and providing a link to the relevant website address of the entry in the Financial Services Register relating to the Firm, where the terms of these Requirements will appear. 8. Within 24 hours of the notifications at Requirements 5 and 6 being made, the Firm must provide the Authority with: a. copies of the template notification sent to all recipients; and b. confirmation that, to the best of its knowledge, the Firm has sent notifications pursuant to the Requirements 5 and 6. 9. The Firm shall send to the Authority via email by 12 noon every Friday, beginning on 14 August 2026 until such time as it is notified otherwise in writing by the Authority, up-to-date bank statements for all the Firm’s bank, payments or electronic money accounts.

• Secure Records

  10. The Firm must secure and preserve all records and/or information (physical or electronic) relating to electronic money services from its systems in their original form, or in a copy proved to be identical to the source material. These must be retained in a form and at a location within the United Kingdom, to be notified to the Authority in writing by 14 August 2026, such that they can be provided to the Authority, or to a person named by the Authority, promptly on its request. 11. By 12pm on 14 August 2026 the Firm must provide written confirmation to the Authority that it is in compliance with the Requirements.

• Globus Payments Ltd is required to refrain from providing account information services or payment initiation services for an indefinite period

  The institution is required to refrain from providing account information services or payment initiation services for an indefinite period

• Agents and distributors

  The firm will not onboard any agents or use any distributors.

• Unrelated payment services

  The firm will not provide any payment services which are not related to the issuing of e-money (i.e. unrelated payment services)