PS25/12: 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.

United Kingdom

Financial Conduct Authority

Consultation Paper (CP24/20) Read more about Consultation Paper (CP24/20)

25/09/2024

Consultation closed

17/12/2024

Policy Statement (PS25/12) Read more about Policy Statement (PS25/12)

07/08/2025