If your firm is in the supervised run-off (SRO) regime or the contractual run-off (CRO) regime find out how to tell us that it has run-off its UK business.
Contractual run-off (CRO) ended on 31 December 2025 for the following firms, regardless of when the firm entered the regime:
- EEA authorised payment institutions.
- EEA registered account information service providers.
- EEA authorised electronic money institutions
that previously passported into the UK without a UK branch or UK-based agent.
Other EEA-based firms using CRO to perform contracts (other than insurance contracts) entered into before they entered into the regime should also note the 5-year time limit to CRO.
FSMA Schedule 3 firms that previously passported into the UK
Firms in SRO that no longer have business which requires them to have UK permission can apply to us to cancel their limited permission and leave UK regulation.
However, cancelling a permission will vary depending on the facts that apply to your firm. Before beginning the process, your firm may wish to seek independent legal advice on its need to be authorised in the UK.
The sections below explain what your firm should do depending on its circumstances.
Payments institutions, registered account information service providers and electronic money institutions that previously passported into the UK
Your firm should note that the effect of leaving SRO will vary significantly depending on the facts that apply to your firm. As such, before beginning the process, your firm may wish to seek its own independent legal advice on your firm’s need for authorisation or registration in the UK.
The sections below explain what your firm should do depending on its circumstances.