CASS 15: Preparing for the new financial services rules

From May 2026, the new CASS 15 rules from the Financial Conduct Authority (FCA) will overhaul the safeguarding regime for payments firms and e-money firms. If your firm will be affected, this gives you less than five months to prepare.

In our new video, fintech audit specialists Jon Wedge, Alisha O’Donovan and Elana Dimmer take you through:

Why the FCA is introducing CASS 15, a new chapter to its Client Asset Sourcebook
Key changes
The impact on existing payments firms and e-money firms
Practical steps that existing firms should take now
What should new applicants be aware of

Our summary of immediate actions to take

1. Undertake a gap analysis, bridging where you are now to the new rules
2. Engage qualified professionals, consultants, and auditors in order to help you put a plan in place to bridge those gaps
3. Make sure that safeguarding is a standing board agenda item

Read our article for more details about what the new rules mean for e-money institutions (EMIs), our experts’ view on CASS 15 and the advantages of preparing your business early.

How BKL can help

Our financial services and safeguarding audit specialists work closely together, sharing knowledge and supporting clients as a team.

We can apply our years of experience working with and auditing EMIs to ensure that your business is compliant with CASS 15 and other FCA regulations.

By working closely with regulatory advisers and solicitors who also specialise in financial services and CASS rules, we’ll give you extensive support throughout your fintech’s journey.

Together we will reduce the stress around regulatory compliance, freeing you to focus on innovating, helping your customers and securing your EMI’s future.

For a chat about your business, contact Jon Wedge, Alisha O’Donovan or Elana Dimmer, or send us an enquiry.