FCA Updates Guidance on Its Role Under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011

FCA updates guidance on its role under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011

On 7 May 2026, the Financial Conduct Authority (FCA) published its approach document (version 8) on payment services and electronic money. The approach document describes the FCA’s approach to implementing the Payment Services Regulations 2017 and the Electronic Money Regulations 2011and amends version 7, from March 2026.This version sets out updates including: Changes to reflect rules and guidance on safeguarding and resolution packs in Client …

Are UK payments firms prepared for the CASS 15 deadline?

Research finds nearly 90% of regulated firms are failing to meet new CASS 15 safeguarding rules despite believing they are already compliant Nearly nine in ten UK payments firms are failing to meet updated Financial Conduct Authority (FCA) safeguarding requirements (CASS 15), despite widespread belief among compliance teams that they are ready, according to new research. The study, conducted by Kani Payments, surveyed compliance and finance lead…

Most UK payments firms miss FCA safeguarding rules

Kani Payments study finds UK payments firms are unprepared for FCA safeguarding rules, with daily reconciliations and evidence packs still patchy.