FCA's Broad Proposals Aim To Protect Customer Funds <https://www.law360.co.uk/financial-services-uk/articles/1891202?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-10-23&read_main=1&nlsidx=0&nlaidx=9> The Financial Conduct Authority’s proposed changes to payments firms’ safeguarding requirements, with enhanced recordkeeping and fund segregation, seek to bolster existing regulatory provisions, but by introducing a statutory trust concept to cover customers’ assets, represent a set of onerous rules, says Matt Hancock at Greenberg Traurig. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1891202?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-10-23&read_more=1&nlsidx=0&nlaidx=9> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1891202?nl_pk=a94fc7ab-a9ab-4472-a647-9bf619c7b000&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2024-10-23&read_later=1&nlsidx=0&nlaidx=9>