# The Payment Services Regulations 2017, Paragraph 2


(1) The amount of initial capital referred to in regulations 6(3) (conditions for authorisation) and 22(1)(a) (capital requirements) is the amount specified in the second column of the table, corresponding to the payment services provided or to be provided as specified in the first column.
(2) Where payment services in more than one row of the table are provided or to be provided, the amount of initial capital is the greater of the corresponding amounts in the second column.
Payment services
Initial capital requirement (euros)
Services specified in paragraph 1(h) of Schedule 1
None
Services specified in paragraph 1(f) of Schedule 1 (money remittance)
20,000
Services specified in paragraph 1(g) of Schedule 1 (payment initiation services)
50,000
Services specified in paragraph 1(a) to (e) of Schedule 1
125,000

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Source: https://www.legislation.gov.uk/uksi/2017/752/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/payment-services-regulations-2017/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.