Kantox Regulatory Environment

‍Kantox Ltd is a Payment Institution based in London and regulated in the UK. Kantox European Union SL is a Payment Institution based in Barcelona and regulated in Spain and the EU.

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We operate under the Payment Services Directive 2 (PSD2), which is the common legal framework for payments within the European Economic Area (EEA).

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We are subject to the European Market Infrastructure Regulation (EMIR) for over-the-counter (OTC) derivatives, central counterparties and trade repositories.

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Kantox is not subject to MiFID2 (Markets in Financial Instruments Directive) as our activity falls within the payment instrument exclusion.

Kantox Ltd (UK)

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Kantox Ltd is registered in England and Wales as a Limited Company in Companies House, under number 07657495. You can find our details in the Companies House Website.  

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We are authorized in the UK by the Financial Conduct Authority, with FCA registration number (FRN) 580343. Our FCA registration details can be found here.

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We are also registered with Her Majesty’s Revenue and Customs (HMRC), under number 12641987. HMRC is responsible for, among other things, the collection of taxes.

Kantox European Union, S.L. (Spain / EU)

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Kantox is authorized by the Bank of Spain, with registration number 6890, which is the supervisor of the Spanish banking system along with the European Central Bank. You can find us as a registered entity in the Bank of Spain website, institutions registry section.

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Additionally, we are supervised by SEPBLAC, the Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offences, the Supervisory Authority for the prevention of money laundering and terrorist financing in Spain.‍

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Safeguarding of Assets

Kantox is legally required to segregate client funds to comply with UK and Spanish regulations. We do so by placing client funds in segregated accounts (known as “safeguarding accounts”) with our banking partners.

UK Regulations

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As an FCA Authorised Payment Institution, Kantox is not covered by the Financial Services Compensation Scheme (FSCS). However, by segregating client funds into safeguarding accounts, we ensure these funds are separated from our assets. In the event of our insolvency, the segregated funds would be used to repay clients in accordance with the UK Payment Services Regulations 2017.

Spanish Regulations

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In Spain, Kantox complies with Royal Decree 736/2019, of December 20th on the regulatory environment of payment services and payment entities. Client funds are segregated in safeguarding accounts, ensuring protection in case of insolvency.

Safeguarding Responsibility

Our banking partners provide safeguarding accounts but do not monitor the funds we place or manage. It is solely Kantox's responsibility to segregate funds and ensure the accounts are maintained separately from our business operations, securing the safety of client funds.