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
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.