RE: Angrafx.com29 Apr 2026 08:39
Good grief off you go again.....
'In any event, the changes required by the May 7th rules are simple changes'
Wrong again BFD
The new rules, introduced by the Financial Conduct Authority (FCA) in PS25/12, are described by legal and industry experts as the most significant overhaul of safeguarding since the original 2011/2017 regulations.
Starting 7 May 2026, Electronic Money Institutions (EMIs) and Authorised Payment Institutions (APIs) enter the "Supplementary Regime". This moves them away from "high-level" guidance and closer to the rigid, bank-like standards seen in the FCA's Client Assets Sourcebook (CASS)