14 Nov 2024
On Tuesday 5 November, our Financial Services team hosted a short webinar on the FCA’s proposals for changing the safeguarding rules for payment and e-money institutions, helping attendees to stay informed about the far-reaching plans.
Our webinar covered:
- Why the FCA is making the proposals: the problem that the FCA is trying to fix, its rationale for the new rules and its cost-benefit analysis
- Interim-state rules: the FCA’s plan for ‘interim-state’ rules to improve compliance with the current safeguarding requirements
- Final-state rules: the FCA’s proposals for ‘final-state’, ‘CASS style’, rules and what this means in practice
- Impact on firms: how authorised payment institutions, e-money institutions, and credit unions will be affected
- Timetable: key dates for when the new rules will come into force
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