This is a 90-minute virtual roundtable focused on the FCA’s new safeguarding consultation launched in September 2024 – you can find the consultation paper here – https://www.fca.org.uk/publication/consultation/cp24-20.pdf
This session will cover the FCA’s new proposals to rules over the protection of customer funds held by payments and e-money firms, including monthly reporting and expanded audits. The roundtable will be led by members of TPA’s Regulatory Working Group.
The FCA’s safeguarding reforms could significantly impact how payments and e-money firms operate, through increased compliance obligations. With interim rules due to be implemented six months after publication and end-state rules to follow 12 months later, this roundtable offers the chance to stay ahead of the curve, ensuring your firm remains compliant and prepared for these operational changes.
We are holding this session exclusively for TPA members to go through the questions posed by the FCA.
This is your chance to ensure that your views and concerns can be represented effectively by our organisation when responding to the FCA.
In terms of individuals, compliance officers, senior management, legal teams, risk managers, and financial professionals working within payments and e-money institutions. It will also benefit anyone responsible for implementing safeguarding measures or overseeing customer fund protection.
Gain a clear understanding of the FCA’s new safeguarding proposals, including monthly reporting requirements, the introduction of resolution packs, and statutory trust over safeguarded funds. This will also be an opportunity to share insights and inform TPA’s response to this consultation.
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
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