On a regular basis, Jake Ghanty, Head of Financial Regulation (Commercial & Technology) at Deloitte Legal, shares his views with Practical Law Financial Services subscribers on topical payment services and electronic money issues.

In his December 2021 column, Jake looks at some recent changes to the FCA's payment services and electronic money approach document, especially with regard to safeguarding, prudential risk management, wind-down planning and SCA-RTS requirements for payment institutions and electronic money institutions. He also considers some changes to the FCA's Perimeter Guidance manual (PERG).