Regulatory AlertsPS25/12: Changes to the safeguarding regime for payments and e-money firms
The Prudential Regulation Authority and the Financial Conduct Authority issued Policy Statement PS25/12 to finalize changes to the safeguarding regime for payments and e-money firms. This document sets out the regulators' final decisions following the consultation outlined in CP24/20, which closed on September 25, 2024. The policy updates are scheduled to take effect on August 7, 2025, establishing the new regulatory requirements for the sector.
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