Guides to safeguarding and payments regulation.
For finance, treasury and compliance teams that hold customer money, across the United States, the United Kingdom, the European Union, Canada, Australia, Singapore and Hong Kong.
PaymentsWhat Is Safeguarding? How Payment Firms Protect Customer MoneyWhat safeguarding means for payment and e-money firms: why it exists, how it works in the UK, US, EU and Canada, the daily reconciliation behind it and common failures.9 minPS25FCA Safeguarding Checklist: 25 Points for Payment and E-Money FirmsA 25-point FCA safeguarding checklist for UK payment and e-money firms under CASS 15: governance, accounts, reconciliation, shortfalls, reporting, audit and resolution pack.8 minGENIUS ActWhat is the GENIUS Act? The US Federal Stablecoin Law ExplainedA complete guide to the GENIUS Act: signed into law in July 2025. Covers reserve requirements, issuer obligations, federal vs. state oversight, and what stablecoin issuers must do now.10 min
All guides
122What is MiCA? The Complete Guide to EU Crypto-Asset RegulationA comprehensive guide to the EU Markets in Crypto-Assets Regulation: who it applies to, safeguarding requirements, compliance timelines, and what CASPs need to do now.MiCA · 12 min
What is the GENIUS Act? The US Federal Stablecoin Law ExplainedA complete guide to the GENIUS Act: signed into law in July 2025. Covers reserve requirements, issuer obligations, federal vs. state oversight, and what stablecoin issuers must do now.GENIUS Act · 10 min
PSD2 Safeguarding: What the Rules Require in the EU and the UKArticle 10 segregation and insurance methods, how national implementation differs, where the UK now sits under the PSRs, EMRs and CASS 15, and the current status of PSD3.PSD2 · 12 min
CASS 15 and PS25/12: The Complete Safeguarding GuideCASS 15, in force since 7 May 2026 under PS25/12, sets how UK payment and e-money firms reconcile, report, audit and evidence safeguarded customer funds.PS25 · 12 min
What is CASS? The FCA Client Assets Sourcebook ExplainedHow the Client Assets Sourcebook is structured, which chapters apply to which firms, and where CASS 6 custody, CASS 7 client money and CASS 15 each begin.CASS · 13 min
CASS 6 Custody Rules: Safeguarding Client Assets for Investment FirmsDetailed guide to CASS 6: the FCA's custody rules for investment firms, covering registration, reconciliation, use of client assets, and nominee requirements.CASS · 11 min
Payment Institution Safeguarding: Obligations, Reconciliation and EvidenceWhat safeguarding requires of a UK payment institution: relevant funds, D+1 segregation, daily reconciliation, resolution packs, returns and audit.PS25 · 10 min
The CASS 15 Safeguarding Audit: What SUP 3A Tests and How to PrepareHow the annual external safeguarding audit works, why population completeness is tested first, and how to prepare during the year.CASS · 9 min
The CASS Head's Guide to Continuous Compliance OversightHow the individual holding client assets oversight uses real-time positions and automated alerting to maintain continuous oversight under CASS 1A.3 and CASS 15.2.4R.CASS · 10 min
PS25 and PSD3 Convergence: What UK Firms Should Prepare ForHow the simultaneous evolution of UK (PS25) and EU (PSD3) safeguarding frameworks is creating convergence pressure: and what dual-regulated firms need to know.Frameworks · 10 min
MiCA Article 75: What It Means for Client Asset Custody in PracticeA practical analysis of the custody and administration obligations in MiCA Article 75, read with the Article 70 safekeeping duty, and how CASPs evidence segregation continuously.MiCA · 10 min
FCA Enforcement Trends in Safeguarding: What Firms Must LearnAn analysis of recent FCA enforcement actions related to safeguarding failures: common themes, increasing penalties, and how firms can demonstrate compliance maturity.PS25 · 10 min