FCA sets out changes to payment safeguarding rules

News Financial services Law & Policy Updates

Date: 7th Aug, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On May 7, 2026, new rules to protect consumers' money when using payment firms will come into effect. These changes improve safeguarding practices among payment firms, requiring annual audits, monthly reporting, daily checks on customer funds, and better planning for firm failures to ensure timely refunds."

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Financial Conduct Authority

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FCA sets out changes to payment safeguarding rules

Brief

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