Compliance Monitor
FCA moves to protect consumer money if payments firms collapse
By Neasa MacErlean
The FCA is bringing forward guidance onsafeguarding arrangements for payments firms — as concern mounts that some ofthe newer
entrants are facing financial difficulties because of the coronaviruscrisis. The finalised guidance — which would be temporary
in nature — could bepublished as early as the end of June 2020. Submissions on these proposals mustbe made by 5 June.