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The UK’s Financial Conduct Authority (FCA) has unveiled its long-awaited proposals to overhaul the safeguarding regime for payments and e-money services. Going forward, these compliance requirements will apply to all authorised payment institutions, e-money institutions, small e-money institutions and credit unions that issue e-money in the UK. The changes aim to enhance consumer protection and market integrity by addressing what the regulator perceives as weaknesses in how firms safeguard customer funds.

In this handy guide, we outline the proposed changes, what they are important, and practical suggestions on what you should do now to prepare for them and remain compliant.

Fill out the form to download your copy.