PS25/12 – FCA Changes to the Safeguarding Regime for Payments and E-Money Firms
Finextra
AUGUST 11, 2025
The big changes: Daily reconciliations (excluding weekends and bank holidays) to ensure safeguarded funds match customer balances. Reconciliation Frequency & Method Requirement: The FCA now requires reconciliations to be performed on “reconciliation days” rather than every business day. Books & Records 1.1
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