Proposed new rules to better protect customers of payments firms

News Financial services English Consultations

Date: 25th Sep, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

The FCA is stepping in to better protect customers when payments and e-money firms go out of business. Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms. Funds held by payments and e-money firms are not directly protected by the Financial Services

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Financial Conduct Authority

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Proposed new rules to better protect customers of payments firms

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Proposed new rules to better protect customers of payments firms

Brief

Financial Conduct Authority

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