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FCA consultation paper on changes to the safeguarding regime for payments and e-money firms (CP24/20)

The Payments Association

The current safeguarding requirements are contained in the Payment Services Regulations 2017 (“PSRs”) and the Electronic Money Regulations 2011 (“EMRs”). The government invited the FCA to consult on the safeguarding regime in 2023. Next steps This consultation is open until 17 December 2024. over a 10-year appraisal period.

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UK Financial Conduct Authority plans to reform safeguarding rules for e-money and payment institutions

The Payments Association

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). What should firms do next?

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Enhancing consumer protection: FCA’s proposed changes to the safeguarding regime

Neopay

The Financial Conduct Authority (FCA) recently released its consultation document on proposed changes to the safeguarding regime for payments and e-money firms. Enhanced oversight Monthly regulatory returns to the FCA detailing safeguarding arrangements. Clear assignment of safeguarding compliance to an individual within the firm.

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The Return Of The Celebrity-Backed Brand

PYMNTS

Private equity firm Centerbridge Partners will remain the restaurant’s controlling shareholder, but Winfrey will join the board and act as a consultant for the brand. That collaboration turned out to be an investment in the firm, though the amount remains unknown.

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Walgreens To Shutter Beauty.com And Drugstore.com

PYMNTS

There were several options we considered to focus on shareholder return, but right now our intention is to focus on Walgreens.com,” a company spokesman said. The two sites have been part of the Walgreens family since their acquisition in 2011 in a deal valued around $409 million.

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Risk-Aware Marketing to Personalize Telco Customer Engagement

FICO

By showing the expected impacts of a customer offer change before implementation, optimization gives telecom operators a priceless opportunity to generate business and build customer loyalty, while also lowering their related sales costs and an increase in potential returns. Tim Young is a principal consultant at FICO. Tim Young.

Risk 96
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The Top 20 Venture Capitalists

CB Insights

10 of the top 20 worked in banking, consulting, or law prior to entering VC. In 2011, Brian was promoted to Partner of Founders Fund where he still invests today. Jeff began his post-graduate career as a Management Consultant with The Boston Consulting Group. 15 of the top 20 operate in the Greater Bay Area. JEFF JORDAN.