Funds that fall within the applicable safeguarding requirements; their identification depends on the institution and service.
Why the distinction matters
The population is a legal and operational question. A convenient database label is not enough. The firm should document the basis for inclusion, cut-off times and treatment of adjustments, using the current rules.
In the working file
Illustrative example
A payment event arrives before a reporting cut-off but settles afterwards. The team documents how the event is treated instead of silently moving the cut-off.
Use the term in context
Record the legal entity, activity, period and applicable source alongside the term. A familiar label does not remove the need to establish scope. Our operating playbook connects this definition to a practical process.
Read the related playbookSources & scope
Primary sources used for this research edition. Document dates and commencement dates are different fields. Recheck the issuing authority before acting.
- FCA Handbook: CASS 15: relevant fundsHandbook · source reviewed 12 November 2026
- FCA: Safeguarding requirements for payment and e-money institutionsGuidance · source reviewed 12 November 2026