For Payment & E-Money Firms
Payment and e-money firms operate under increasing regulatory scrutiny, with the Financial Conduct Authority introducing a significantly strengthened safeguarding regime effective from May 2026. These changes raise expectations across governance, controls and audit assurance — requiring firms to adopt more robust, structured and transparent safeguarding frameworks.
At Parker Russell UK, we support firms in navigating both current requirements and upcoming regulatory changes — delivering practical, audit-ready solutions that ensure compliance, protect customer funds and strengthen operational resilience.
Our Private Client Tax Services
Safeguarding Audit Readiness
Preparing firms for annual safeguarding audits through gap analysis, remediation planning and alignment with FCA expectations under both current and 2026 regimes.
Independent Safeguarding Reviews
Providing pre-audit assurance across governance, controls and operational processes — identifying risks early and supporting remediation.
Internal Assurance & Controls Testing
Assessing safeguarding processes, compliance monitoring and risk frameworks in line with the Three Lines of Defence model.
Framework Design & Enhancement
Designing and upgrading safeguarding frameworks, including policies, reconciliation controls, account structures and governance oversight.
Funds Flow & Regulatory Analysis
Mapping end-to-end fund flows and assessing safeguarding obligations across complex business models and regulatory boundaries.
Documentation & Policy Development
Developing audit-ready documentation, including safeguarding policies, control frameworks and structured evidence packs aligned with FCA requirements.
Our Approach
How You Gain Value
At Parker Russell UK, we help payment and e-money firms move beyond basic compliance to build a structured, resilient safeguarding environment aligned with evolving FCA expectations.
Our approach ensures that governance, controls and reporting are fully embedded into your operations — reducing regulatory risk while strengthening transparency and audit readiness.
Regulatory Confidence
Ensure full alignment with FCA safeguarding rules, including the enhanced 2026 regime.
Audit Readiness
Maintain a consistent, audit-ready position with robust documentation and control frameworks.
Operational Clarity
Gain clear visibility over fund flows, safeguarding structures and regulatory obligations.
Risk Mitigation
Identify and address gaps early, reducing exposure to compliance failures and regulatory intervention.
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Why Clients Choose Us
01.
Regulatory Expertise
Deep understanding of FCA safeguarding rules and upcoming regulatory changes.
02.
Sector Focus
Specialist experience working with payment institutions and e-money firms.
03.
Practical Delivery
Clear, actionable solutions focused on implementation — not just theory.
04.
End-to-End Support
From audit readiness to framework design and ongoing compliance.
Our Promise
At Parker Russell UK, safeguarding is not just a regulatory requirement — it is fundamental to trust, stability and long-term success.
We provide structured, expert support that enables your firm to meet evolving FCA expectations with confidence, protect customer funds and maintain a strong, audit-ready safeguarding framework.
