With new safeguarding rules under the Retail Payment Activities Act (RPAA) taking effect on September 8, many payment service providers (PSPs) are in a race against the clock to better understand what compliance truly means and how to achieve it effectively.
To help answer these questions, we recently hosted a webinar featuring legal and insurance experts from Purves Redmond and Bennett Jones for a detailed discussion on one of the RPAA’s most important requirements: safeguarding end-user funds.
In the session, experts unpacked:
- What the RPAA requires and why it matters
- How insurance and surety products can meet safeguarding obligations
- Why some PSPs are choosing insurance over other models
- Underwriting considerations, pricing, and product availability in Canada
- Practical tips for getting started and preparing for the September deadline
Whether you are still evaluating your approach or are ready to implement a solution, this session offers valuable insights from legal and insurance professionals working closely with PSPs across Canada.
You can watch the full webinar recording here!
