What makes paying with ClickandBuy so secure?
ClickandBuy International Limited is an electronic money institution as defined in EU directive 2000/46/EG and is authorized by and subject to the regulations of the Financial Supervisory Authority in the UK. The ClickandBuy FSA registration number is: 454127
What is an Electronic Money Institution?
As an electronic money institution authorized and regulated by the FSA, ClickandBuy is entitled to issue electronic money.
Where can I find more information on the FSA?
For more information on the UK's Financial Supervisory Authority and its guidelines, please visit
www.fsa.gov.uk.
Which FSA conditions is ClickandBuy required to meet?
- Strict requirements apply to proof of capital and funds – the minimum capital is €1 million. In addition, ClickandBuy must at all times have sufficient liquid assets available to repay all outstanding electronic money.
- There are also clear requirements regarding the security of investments that define how the capital resulting from outstanding electronic money can be invested. Customers' money may only be held in pre-defined, very safe and liquid bonds/certificates of deposit.
- Regarding the suitability of the persons responsible for the management of the company, the following applies: Persons who hold certain responsible positions for management are to be reviewed for their professional suitability by the FSA before they begin their activities.
- ClickandBuy is required – in the framework of a company-specific risk model – to provide adequate operating systems and processes in order to protect the company from operating risks.
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