The deadline for the attestation for payment institutions (PIs) and e money institutions (EMIs) confirming you are satisfied with your safeguarding arrangements was 31st July 2019.
Safeguarding is now very much within the FCA's regulatory focus. We work with PIs and EMIs every day and therefore we understand that safeguarding is not without its complexity. There are often queries on what funds are relevant, when the obligation begins and ends and when reconciliation should happen. In fact, we recently wrote to the FCA voicing these concerns on behalf of the industry.
We are hosting a client briefing on safeguarding on 5th September 2019 in 99 Bishopsgate, London. You can sign up for your free place here today.
We are specialists in providing regulatory advisory services to a broad range of financial services institutions including payment services and e-money, challenger banks, cryptocurrency, and investment firms.
We work across three core areas of regulatory compliance, financial crime and cyber security and provide a range of services including compliance advice, authorisations, audits, interim roles and compliance training.