Submit REP027 accurately, every month.

Automate your monthly REP027 process, from XML generation and XSD validation through to direct submission via FCA RegData, with 1:1 support whenever you need it.

Get free support on your first quarter of REP027 submissions

Trusted by PIs, EMIs, challenger banks, and fast-growing fintechs

REGULATORY CONTEXT

What is the FCA Safeguarding Return (REP027)?

REP027 is the FCA's monthly safeguarding return for UK payment institutions and e-money institutions. Introduced under PS25/12, it requires firms to report how client funds are held against their safeguarding obligations, covering balances, where funds are held, reconciliations, and any notifiable CASS breaches. It must be submitted in XML format via FCA RegData within 15 business days of month-end, every month.

WHY COMPLYFIRST

How we make REP027 repeatable

We've got the platform and expertise to make monthly REP027 returns accurate and repeatable.

No monthly manual data-entering

Drop your data in. The platform maps it to the REP027 schema and generates the XML. No reformatting, re-keying, or starting from scratch each month.

Validation before submission reaches RegData

Every return is checked against the FCA’s REP027 XSD schema before it reaches RegData. When something’s wrong, we translate the error message into clear "how-to-fix-it" steps.

Direct API with FCA RegData

We have a direct API integration with FCA RegData. No logging in and keying fields line by line. The submission goes from Complyfirst to RegData in one step.

Approvals & audit trail are built-in for good governance

Everything your safeguarding accountable individual needs to confidently sign off is in the platform. If the FCA queries how a return was prepared, you have the answer in seconds.

You get 1:1 support
even on deadline day

REP027 is due within 15 business days of month-end. If something doesn't look right on day 14, you need an answer fast. Talk to us on Slack or Teams and get a response <1hour. Yes, even on deadline day.

Get in touch

Don't just take our word for it...

"I’ve worked at large banks with entire teams managing returns. With Complyfirst, we had it done in days."

Neil McDermott, Chief Financial Officer

<24hr time to go live

Decta submitted clean regulatory returns with 0 issues or rework.

"What used to take weeks was fixed in hours with Complyfirst. We were live, errors resolved, and submitted within 48 hours."

Adrian Witkowski, Head of Regulatory Reporting

90% less reporting effort

SumUp was onboarded, validated, and live on Complyfirst within 48 hours.

"What sets Complyfirst apart is its ability to simulate a regulator’s review, identifying discrepancies before the actual submission."

Pamela Crilly, EU COO

50% less reporting effort

Regulatory return was submitted within 24 hours.

FAQs

Any UK PI or EMI that safeguards customer funds must submit REP027. This includes authorised PIs, authorised EMIs, and small PIs or EMIs that have opted into the safeguarding regime. If your firm holds client funds and is regulated by the FCA under the Payment Services Regulations or E-Money Regulations, REP027 applies to you.

REP027 is a monthly return. The deadline is 15 business days after month-end.

REP027 must be submitted as an XML file, validated against the FCA’s published REP027 XSD schema. It is submitted through FCA RegData. If the file does not validate against the XSD schema, RegData will reject the submission.