UK Watchdog to Tighten Rules for Payment Firms From May 2026

UK watchdog to tighten rules for payment firms from May 2026

LONDON :Britain's Financial Conduct Authority (FCA) said on Thursday it would roll out stricter rules for electronic payment firms from May 2026 to better safeguard customers' money.The regulator, which first laid out proposed reforms for payment firms in September, said companies would be required to keep cu

Major rule change for firms like PayPal to protect millions of customers’ cash

MILLIONS of people using payment firms will see their cash better protected due to a major rule change.The Financial Conduct Authority (FCA) is set to

UK Implements Tougher Payment Firm Safeguarding Regulations Starting May 2026 - Data Intelligence

UK Implements Tougher Payment Firm Safeguarding Regulations Starting May 2026 In a decisive move aimed at enhancing consumer protection in the rapidly evolving financial technology sector, the United Kingdom is set to implement robust safeguarding regulations for payment firms beginning in May 2026. These new rules are part of a wider initiative to ensure the safety of consumers’ funds and to uphold the integrity of the financial system as digit…

FCA sets out changes to payment safeguarding rules - Essex Magazine

Consumers will be better protected when they use payment firms, with the introduction of new rules to protect their money from May 2026. These changes will improve safeguarding practices among payment firms. Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if […]

FCA Sets Out Changes to Payment Safeguarding Rules

Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if the firm fails. Following constructive engagement with industry, the FCA has confirmed that the new rules will kick in after 9 months, giving industry time to prepare. It has also made changes to ensure that rules are proportionate for smaller firms,

FCA introduces new rules to safeguard client funds

The UK’s Financial Conduct Authority (FCA) has announced sweeping new rules aimed at tightening consumer protection across e-money and payment institutions, following damning figures that show customers lost an average of 65% of their funds when firms collapsed between Q1 2018 and Q2 2023. According to Finextra, the new rules, which will take effect in May 2026 after a nine-month grace period, are designed to ensure that customer funds are prope…