CASS 15 lands on 7 May 2026, replacing guidance with strict rules and raising board-level accountability, audit standards, and daily safeguarding requirements.
Webinar and in-person briefing: The 2026 Safeguarding shift: Transitioning to CASS 15
- Date: 7th May 2026
- Time: 9.30 am to 10.30 am
The landscape for Payment Service Providers in the UK is about to undergo its most significant structural change since the 2017 Regulations. On 7 May 2026, the FCA’s new CASS 15 regime (PS25/12) comes into force, replacing “best practice” guidance with a rigid, prescriptive rulebook.
For the Board, this is no longer just an operational matter; it is a question of personal accountability and audit survival.
MHA and Pathlight Associates invite you to a high-level briefing on managing this transition. As a leading mid-tier audit firm in the financial services sector, with deep experience across full-scope audits and assurance for PSPs, banks, funds, brokers, and FX platforms, MHA provides a balanced approach to cost and expertise.
Pathlight is a leading skilled person (s166) advisory firm comprising experts in FCA and PRA regulation, especially in CASS and safeguarding matters.
As an audit firm and a PRA s166 panel consultancy, we will bridge the gap between regulatory expectations and practical implementation to help you understand your obligations.
We will address the “hard truths” of the new regime, including:
- The “qualified auditor” shift: Why your existing safeguarding audit process likely won’t meet the new Companies Act standards.
- The 48-Hour resolution challenge: Can your firm realistically retrieve a CASS 10A Resolution Pack in under 48 hours during an insolvency drill?
- Daily reconciliation discipline: Moving from weekly or monthly checks to a mandatory D+1 internal and external reconciliation cycle.
- The “single responsible director”: New personal accountability requirements that put safeguarding squarely on the Board’s agenda.
In person and via webinar
- Date: 7th May 2026
- Time: 9.30 am to 10.30 am
- Speakers: Ed Chikumbanje, Audit Director, MHA and Muj Malik, Associate Partner, Pathlight Associates
If you would like to join in person, where you will have the opportunity to discuss the application of CASS 15 in more detail, please click on the link below: https://www.eventbrite.co.uk/e/the-2026-safeguarding-shift-transitioning-to-cass-15-tickets-1986155298965?aff=oddtdtcreator
If you would like to join via web link on Teams, please click on the link below: https://events.teams.microsoft.com/event/f776cd0e-9959-4471-98e1-35432b356843@3fc789ab-a3b5-4afa-8dd1-063ef8005bff
