The FCA has proposed significant updates to the safeguarding regime, designed to enhance consumer protection and promote better practices across the industry. From stricter record-keeping to new oversight requirements, these changes will reshape how payment and e-money firms safeguard funds. In our latest blog, we unpack the FCA’s proposals, why they matter, and what payment and e-money firms need to know. Read more about the FCA’s proposed safeguarding regime here: https://lnkd.in/ezVn_seM #Payments #EMoney #FCA #Safeguarding
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The FCA's consultation on changes to the safeguarding regime closed today. Payment services and e-money firms now await confirmation from the regulator on the proposed rules to improve the safeguarding regime. In our recent insight, we outline what the proposed rules could mean and summarise the key differences between them and previous guidance. Read the full article here: https://ow.ly/17lZ50UrQmE #Safeguarding #PaymentServices #EMoney #FCA
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The FCA has unveiled its much-anticipated consultation on pivotal changes to the safeguarding regime for payment and e-money institutions. Join our webinar for discussion on the key changes, what they mean for firms and how you can prepare. Register today: https://lnkd.in/ekiAsTBy #Safeguarding #FCA #PaymentsRegulatory
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Legal Business Development and Marketing Professional | Strategic Planning and Organization Team Member
The FCA has unveiled its much-anticipated consultation on pivotal changes to the safeguarding regime for payment and e-money institutions. Join our webinar for discussion on the key changes, what they mean for firms and how you can prepare. Register today: https://lnkd.in/eG549qkg #Safeguarding #FCA #PaymentsRegulatory
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The FCA has unveiled its much-anticipated consultation on pivotal changes to the safeguarding regime for payment and e-money institutions. Join our webinar for discussion on the key changes, what they mean for firms and how you can prepare. Register today: https://lnkd.in/dwkHgQ2m #Safeguarding #FCA #PaymentsRegulatory
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The FCA has unveiled its much-anticipated consultation on pivotal changes to the safeguarding regime for payment and e-money institutions. Join our webinar for discussion on the key changes, what they mean for firms and how you can prepare. Register today: https://lnkd.in/eSk3m5_2 #Safeguarding #FCA #PaymentsRegulatory
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Legal & Compliance Expert | Corporate Law, Risk Management, IT & IP, Fintech | Contracting & Fraud Prevention | Driving Proactive Regulatory Solutions
FCA’ s Update for Payment & E-money Firms The UK Financial Conduct Authority (FCA) has opened a consultation on improving safeguarding measures for payment and e-money firms. These new proposals aim to strengthen consumer protection by refining how firms manage and protect client funds. The consultation will seek input from industry leaders until December 2024, helping shape future rules that ensure transparency and security. This is a crucial step toward enhancing trust in the financial services sector! #Fintech #Compliance #ConsumerProtection #FCA #Payments #EMoney
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The FCA has unveiled its much-anticipated consultation on pivotal changes to the safeguarding regime for payment and e-money institutions. Join our webinar for discussion on the key changes, what they mean for firms and how you can prepare. Register today: https://lnkd.in/etAzPh5V #Safeguarding #FCA #PaymentsRegulatory
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Senior Knowledge Lawyer (Debt finance) - offering extensive expertise in advising on legal risks affecting loan market transactions | pursuing interests in sustainability and sustainable finance
The FCA has unveiled its much-anticipated consultation on pivotal changes to the safeguarding regime for payment and e-money institutions. Join our webinar for discussion on the key changes, what they mean for firms and how you can prepare. Register today: https://lnkd.in/ef4HyGdr #Safeguarding #FCA #PaymentsRegulatory
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The FCA has unveiled its much-anticipated consultation on pivotal changes to the safeguarding regime for payment and e-money institutions. Join our webinar for discussion on the key changes, what they mean for firms and how you can prepare. Register today: https://lnkd.in/eYRxGJ8J #Safeguarding #FCA #PaymentsRegulatory
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Financial Regulation Partner, Co-Head of Hogan Lovells Fintech Practice, Partner Lead Fintech Mentor Program
An important update for our FCA authorised clients. The FCA believes that there is a continuing problem with poor safeguarding practices across the industry due to poor implementation of the current regulatory framework under the Payment Services Regulations 2017 (PSRs) and the E-Money Regulations 2011 (EMRs). Whilst the proposals for the “interim” are largely a continuation of the current position with some tightening up, the proposals for the “end state” may prompt changes to firms' business models, given the challenges the proposals appear to create. #FinancialServices
