Regulatory status
Clear about where we are.
EnteleBANK is a proposed UK banking institution under development.
Current status
EnteleBANK is not currently authorised by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA) to accept deposits or provide regulated banking services. No deposit-taking or other regulated banking activity requiring authorisation will commence unless and until the relevant regulatory authorisations and permissions have been obtained.
Customer protection
We do not state or imply that funds are currently protected by the Financial Services Compensation Scheme (FSCS), or that customers have access to regulatory protections that do not presently apply.
Development approach
The proposed institution is being developed with governance, capital planning, risk management, financial-crime controls, cybersecurity, operational resilience and customer outcomes as core design considerations.