The UK Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding requirements for UK registered payments and e-money firms (CP24/20). The FCA’s goal is to replace the current safeguarding regime with a new one influenced by existing client money rules that apply to authorised firms holding client money (CASS). 

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Photo of Matt Hancock Matt Hancock

Matt Hancock is a member of the Litigation Practice in Greenberg Traurig’s London Office. He is focused on contentious regulation with a particular concentration on clients’ interactions with the UK Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA). He has considerable experience…

Matt Hancock is a member of the Litigation Practice in Greenberg Traurig’s London Office. He is focused on contentious regulation with a particular concentration on clients’ interactions with the UK Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA). He has considerable experience defending individuals and corporates against regulatory Enforcement action and in helping regulated corporates and individuals pre-empt and manage other forms of regulatory scrutiny. He is also very experienced in the interaction between UK regulation and employment law, with a strong background in the UK Senior Managers and Certification Regime.

Matt is recognised by Legal 500 2024 in the Financial Services: Contentious section, where he is described by sources as “one of the most savvy, charismatic and strategically effective practitioners around.” Commentators also say: “For contentious regulation, enforcement and supervision matters, Matt Hancock is the go-to individual. He is exceptionally bright and commercial, with a charming and calm manner,” and other sources add that “Matt is always engaged, has excellent judgment and strikes the perfect tone with the regulator. And he is a delight to work with.”