Category: Live Online | In-Person Courses Tags #cass15, lgca, safeguarding

CASS 15 Safeguarding for PSPs and EMIs: Governance and Implementation Essentials under PS25/12

Get up to speed with PS 25/12!

£474.00

✔️ If you’d like to be invoiced for this course and pay via bank transfer, please send your company details and the name of the course you’re interested in to info@lgca.uk, and an invoice will be issued.

CASS 15 introduces strengthened safeguarding obligations for payment institutions and e-money firms holding relevant funds. Under PS25/12, firms must demonstrate clear governance accountability, compliant D+1 segregation or appropriate insurance arrangements, robust reconciliation processes and readiness for independent audit scrutiny.

This focused strategic session provides a concise but structured overview of the new safeguarding framework as it applies to PSPs and EMIs. It concentrates on governance responsibility, core operational controls, shortfall risk and supervisory expectations. The programme is designed for senior managers and oversight professionals seeking clarity on regulatory exposure and implementation priorities.

By the end of the programme, participants will be able to:

Summarise how CASS 15 applies to payment institutions and e-money firms
Identify governance and SMF responsibilities for safeguarding
Understand segregation and insurance safeguarding options
Recognise core D+1 reconciliation requirements
Identify operational shortfall and funding risks
Prepare for supervisory scrutiny and audit review

More Information

This session is delivered as a focused live online briefing using clear technical explanation, practical payments sector examples and targeted discussion. It is designed to give senior and oversight professionals a solid grasp of CASS 15 expectations, implementation priorities and key areas of supervisory risk, without unnecessary operational detail.

The programme is ideal for:

SMF holders and senior managers with safeguarding oversight responsibility
Heads of Compliance and Risk in PSPs and EMIs
Heads of Operations and Finance
Governance and control owners responsible for safeguarding frameworks
Internal Audit and Assurance professionals
External advisers supporting payment and e-money institutions

Programme Outline

CASS 15 for Payment and E-Money Firms

Key changes introduced by PS25/12
Scope and supervisory focus for PSPs and EMIs

Governance and Accountability

Senior management oversight expectations
Attestation and board reporting
Safeguarding risk identification

Safeguarding Methods and Reconciliations

D+1 segregation overview
Insurance and guarantee safeguarding method
Daily reconciliation essentials
Identifying and managing shortfalls

Audit and Supervisory Risk

Independent safeguarding audit overview
Monthly safeguarding return
Common FCA findings in PSPs and EMIs

Implementation Priorities

Immediate actions for compliance
Strengthening documentation and management information
Avoiding common safeguarding failures

Susana Eddy

Susana is a specialist in regulation and governance. She has over 15 years of experience in financial services. Her sector knowledge includes investment management, fintech, and insurance. During her career, she has worked at organisations like Deloitte, BlackRock, FNZ, and NFU Mutual. At these companies, she delivered regulatory oversight, built compliance frameworks, and managed operational risk.

Along the way, Susana has led key regulatory change projects. Additionally, she managed audit and assurance activities. This meant she supported firms in meeting UK regulatory requirements. She has developed and put in place governance structures, introduced oversight processes, and improved risk reporting.

Furthermore, Susana has chaired internal committees and written board reports. She has also supported supplier evaluations as part of regulated procurement. In addition, she has created and delivered training sessions on regulatory topics. She contributed to new policies and procedures. Working closely with both internal and external stakeholders, she has assessed and raised standards of compliance with FCA rules.

What People Say About LGCA

Charles Woodsmith | Assistant Compliance Officer

AGRC’s certificate in compliance helped me advance my career in the field of compliance by teaching me the ins and outs of the sector, the challenges I may face in the future, and the skills I need to overcome them and help my company remain compliant in a heavily regulated world.

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Compliance and its role in the financial world have never been easier to understand than with AGRC’s certificate programmes. The course was clear, comprehensive and practical, and provided me with the tools and skills I needed to further my career in compliance. I highly recommend these certifications and courses!

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