New FCA Guidance on Safeguarding Client Funds

Published on: 08/05/2026 00:00

Payment institutions should particularly scrutinise the new FCA guidance on safeguarding client funds and the new reporting requirements

CEO at Pathlight Associates John Higgins spoke to Law360 about the FCA’s latest guidance on new, tougher payment sector safeguarding rules which came into effect yesterday. Adding: “CASS 15 requires that safeguarding is no longer an operational requirement but a matter of accountability and scrutiny”

Read the full article published in Law360 (subscription).