iSignthis Ltd (ASX: ISX | FRA: TA8) (“The Company”) is pleased to announce that it has made preparations for BREXIT for its 100% owned EEA operating entity, iSignthis eMoney Ltd (the ‘Firm’).

iSignthis eMoney Ltd has notified the United Kingdom’s Financial Conduct Authority (FCA), in accordance with the direction made by the FCA under paragraph 3(1)(a) of schedule 3 of the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (the ‘Regulations’), that the Firm wishes to be treated in accordance with paragraph 2(1)(c) of schedule 3 of the Regulations (‘Transitional Authorisation’). 

The FCA has confirmed that the Transitional Authorisation is to apply to the Firm.

The Regulations provide that Transitional Authorisation will apply for a period beginning at (BR)exit day (11pm on 29 March 2019), unless BREXIT is delayed. Under such circumstances, the Firm’s existing EU freedom to operate and financial passport arrangements will continue until such time (if any) as a BREXIT event occurs.

The Firm will continue to offer Visa, Mastercard, JCB, and eMoney services, including IBAN based accounts post BREXIT.