The FCA’s proposed changes to the safeguarding regime: what do you need to know?

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