Planned — subject to authorisation and implementation

Safeguarding structure

Planned separation and safeguarding of client funds, kept distinct from corporate funds and reconciled daily.

Category

Treasury

Availability

Planned

Delivery

Fintech Meta with authorised safeguarding

Required controls

  • Segregation of client and corporate funds
  • Daily reconciliation with break management
  • Ledger integrity checks

Dependencies

  • Double-entry fiat ledger
  • Reconciliation and regulatory reporting

Purpose

Safeguarding is the discipline of keeping client money separate from the company’s own money and ensuring it is protected. It is foundational to a regulated e-money and payments operation.

Planned capability

Client balances would be held in safeguarding arrangements separate from corporate funds, with balances reconciled daily against ledger positions.

Primary users

Finance, treasury and compliance teams; independent control functions and auditors.

Required controls

Segregation of client and corporate funds, daily reconciliation, documented break management and escalation, and ledger integrity checks.

Dependencies

Depends on the double-entry fiat ledger and the reconciliation and regulatory reporting components.

Delivery model

Fintech Meta infrastructure, with safeguarding held at credit institutions determined during the authorisation process.

Audit evidence

Daily reconciliation records, break logs and safeguarding attestations retained for audit.

Regulatory considerations

Safeguarding requirements apply once the relevant authorisation is obtained.

Availability

Planned — subject to authorisation and implementation.