With the FCA’s new rules set to take effect on 7 May 2026, safeguarding is a top priority for many of our clients. To help firms prepare, we have launched a video series tackling the most common client questions about these upcoming changes.
1. Our balances are very stable: can we get our auditor to agree with us that we don’t have to reconcile every day?
Head of Payments Alison Donnelly explains how often firms should reconcile safeguarded funds and why daily discipline matters for control accuracy and audit readiness. Watch the full video here.
2. Can our Head of Compliance be the director or senior manager?
Safeguarding specialist Matthew Law addresses whether your Head of Compliance can also serve as a director or senior manager, outlining governance considerations and FCA expectations. Watch the full video here.
For tailored guidance on how fscom can support you, please get in contact today. We offer the following services.
- Creation of a regulatory control mapping tailored to your specific business model and operations.
- Independent assessment of the control mapping your inhouse team has produced.
- Advice as you need it to support your implementation team with questions and challenges as they arise.
Get in touch today to ensure you are prepared for the new regime.
