ICAEW.com works better with JavaScript enabled.

Safeguarding audits for FCA regulated firms

Author: Financial Services Faculty

Published: 26 Nov 2021

Are you interested in finding out more about the FCA Safeguarding “audit” work?

These derive from the provisions of the Payment Services Regulations 2017 and/or the Electronic Money Regulations 2011, and the ISAE (UK) 3000 reasonable assurance report?  

The Financial Conduct Authority consulted in April 2021 on the steps payment services and e-money firms need to take.  

This factsheet considers some of the questions and next steps regulated firms and auditors/consultants may wish to consider in fulfilling the requirements set out in the guidance for payment services and e-money firms. It is taken from discussions by ICAEW’s CASS & Safeguarding working group.  

Further guidance is expected from the FCA very soon.