UK Regulatory Compliance Newsletter: Key FCA and Safeguarding Updates – March 2025

NEWSLETTER: Whether it’s prudent segregation, CASS 15, or changes being announced by global regulators such as the DFSA, there has been plenty of activity in the client assets and safeguarding space recently.

Preparing for new CASS safeguarding rules

We await the publication of the FCA’s new safeguarding rules in CASS, which are due to be announced in the first half of 2025. With the regulator only giving firms a limited timeframe to embed the requirements, it’s important for payments and e-money firms to begin planning out how to practically approach the upcoming changes.

FCA review of financial advisers’ ongoing services

Something else that has been published is the findings from the FCA’s review of financial advisers’ ongoing services. As well as a number of positive outcomes, concerns were flagged around a lack of engagement from advisory clients.

The regulator is due to check up on advisory firms later this year, meaning it’s worth reviewing your approach and demonstrating that you’ve taken appropriate action where needed.

We’ll be delving into the implications of the findings and offering some practical solutions in our webinar on 2 April, so please join us for that if you want to find out more.

FCA priorities for asset management and alternatives firms

The regulator’s spotlight is also shining brightly on asset management and alternatives firms since the release of its Dear CEO letter. The letter highlights the FCA’s priorities for the year, including market integrity, consumer outcomes, and financial crime.

As regulatory engagement intensifies, it’s essential to ensure your firm is well prepared. Join our webinar on 8 April to find out what you should be prioritising.

Further support and regulatory guidance

If you want to discuss any of the updates highlighted in this newsletter, feel free to get in touch.

Author: Rebecca Thorpe