Our regular roundup of the latest news and developments from the FCA.
Payments services
From May 2026, CASS 15 imposes immediate, stricter safeguarding requirements on payment firms to protect client funds, with trust rules deferred until 2027.
An SEC action against RYVYL, Inc, underscores how overstated claims about blockchain capabilities, coupled with omitted risk disclosures, can translate into antifraud liability even when wrapped in the language of innovation.
Key objectives include establishing next-gen infrastructure, AI adoption, enhancing tech resilience, and making tokenization part of mainstream finance.
Key takeaways from the Hong Kong Stock Exchange discussion paper on transitioning to a T+1 settlement cycle.
The 2025 ISO 20022 release exposes major orchestration gaps across Market Infrastructures.
The announcement is the latest step in the drive to cut back regulation and boost economic growth.
While deeply concerned about affected customers, the UK Treasury Committee was measured in its criticism, expressing gratitude to the banks compensating customers.