FCA PS25/12 introduces new safeguarding rules for payment and e-money firms, effective May 2026—firms must act now to ensure compliance.
The FCA have released PS 25/12, which summarises feedback to CP 24/20 and sets
out their response and final rules and guidance to be included in the FCA handbook.
The new rules and guidance, which come into force from 7th May 2026, will apply to
most authorised payment institutions, authorised e-money institutions, small e-
money institutions and credit unions which issue e-money in the UK.
Key reporting, governance, and reconciliation requirements include:
– SUP 16.14A – Safeguarding Return
– SUP 3A – Auditor Requirements
– CASS 10A – Payment services and electronic money: resolution pack
– CASS 15.8.47R – External Safeguarding Reconciliation
– CASS 15.8.10R – Internal Safeguarding Reconciliation
Time is running out before firms must take action to lock in robust safeguarding
practice. Download our whitepaper today!
