Business
Regulatory Authorisation on Payment Services
Regulatory Authorisation on Payment Services.
About this update from Bradda Head Lithium Limited
[{"type":"text","content":"\n \nRNS Number : 7211D Baydonhill PLC 28 March 2011 \n \n\n \n28 March 2011\n \nBaydonhill PLC\n \n(\"Baydonhill\" or the \"Company\")\n \nRegulatory Authorisation on Payment Services\n \nBaydonhill (AIM: BHL), one of the UK's leading foreign exchange specialists, announces that, as of 23rd March 2011, Baydonhill PLC has been authorised by the Financial Services Authority (\"FSA\") as an 'Authorised Payments Institution'. Under the 'Payment Services Regulations 2009' the company is authorised to carry out Payment Services under the firm reference number 535939.\n \nThe 'Payment Services Regulations 2009' brings the regulation of Payment Services companies under the FSA and provide Arbitration through the Financial Ombudsman service as well as allowing transparency over transaction fee's in the EU and ensures all Payment Institutions offer segregated Client Accounts and meet Ongoing Capital Adequacy Requirements. Baydonhill has operated segregated client accounts since 2006.\n \nAs a leading provider of international foreign exchange Baydonhill PLC welcomes these regulations. They will drive higher standards in the industry. \n \nFor further information please contact:\n \n\n\n\n\nBaydonhill PLC \n\n\n\n\n\n\n\nEric Peacock, Chairman\nWayne Mitchell, Chief Executive\n\n\n+44 207 594 0584\n\n\n\n\n\n\n\n\n\n\n\n\nMerchant Securities Limited\n\n\n\n\n\n\n\nBidhi Bhoma / Simon Clements\n\n\n+44 207 628 2200\n\n\n\n\n\n\n\n\n\n\n\n\nSquare1 Consulting Limited\n\n\n\n\n\n\n\nDavid Bick / Mark Longson\n\n\n+44 207 929 5599\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCPGUQGWUPGURR \n ","length":4406,"tagName":"div"}]