How to comply with the FCA's Safeguarding Requirements

Watch this webinar where, Director, Alison Donnelly, and Associate Director, Heather O’Gorman, provide detailed information on protecting customers’ funds and the latest on the FCA’s expectations of payment and e-money institutions.

Download this free on-demand webinar today!

How to comply with the FCA's Safeguarding requirements 

Safeguarding of customers’ funds is essential to protect customers and maintain confidence in the non-bank payments sector but despite the rules having been in place for more than the decade it is one of the most difficult requirements for payment and e-money institutions to fully meet. 

In fact, differences of opinion on interpretation and the exactness of the requirements has become so problematical that the government has encouraged the FCA to consult on imposing its own rules and guidance to make the safeguarding regime better. 

 

 

In this session, we will help you to understand the following:
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The requirements and obligations within the Payment Services Regulations 2017 (PSRs ) and the Electronic Money Regulations 2011 (EMRs) and the FCA’s expectations.
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The latest on the FCA’s consultation to change the safeguarding rules. 
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The internal controls that should be in place in payment and e-money institutions?
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Common errors and misunderstandings that we find when auditing   or advising payment and e-money institutions. 
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How to prepare your business for your Safeguarding Audit.
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About fscom

At fscom, we strive to offer excellent service in a professional and personable manner. We deliver this through our unrivalled understanding of financial services regulation and a strong emphasis on taking a commercial and innovative approach that puts our clients’ needs first.

We are specialists in providing regulatory advisory services to a broad range of financial services institutions including payment services and e-money, retail banks, cryptocurrency, trading and broking and asset management firms.

We work across three core areas of regulatory compliance, financial crime and cyber security and provide a range of services including compliance advice, authorisations, audits, interim roles and compliance training.
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