Monevium Ltd enters special administration
Why this matters
FCA announcement of special administration for Monevium Ltd, a payment services provider. Informational content regarding insolvency proceedings, customer fund protection, and safeguarding requirements. No immediate action required from other firms, but relevant for payment service providers and customers.
AI-generated classification rationale, not a full analysis. Verify with the original FCA source before acting. Full disclaimer.
What the FCA said
On 18 June 2026, Monevium Ltd (Monevium) entered special administration. Adam Henry Stephens and Christopher Allen of S&W Partners LLP (S&W) were appointed as special administrators. Monevium is authorised by the FCA to provide payment services. On 28 February 2024, Monevium agreed to a voluntary undertaking, which…
Extract from FCA . Read the full notice at the source for the authoritative text.
Context
Financial Conduct Authority (FCA) — UK financial services regulator. We track 425 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Authorisation & Licensing, Consumer Protection / Conduct and Payments & E-Money.