FCA strengthens safeguarding regime for payments and e-money firms

These changes are intended to improve safeguarding practices among payment firms, leading to better protection for consumers.

On August 7, 2025, the FCA published a policy statement (PS25/12) setting out changes to the safeguarding regime for payments and e-money firms. These changes aim to minimize shortfalls in safeguarded relevant funds, ensure prompt and cost-effective return of funds if a payments firm fails, and enhance the FCA’s ability to identify

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