Further to the recent Dear CEO letter to E-money firms, AFEP have worked across the industry with other trade associations to create the below template text for the purpose of helping you develop your own communication to your clients.
It is important that you tailor your communication to suit your client base and your own arrangements. This template, which can found on the member portal, is not legal advice and simply offered as suggested wording.
This is only applicable to e-money firms, if you do not hold an e-money license, you do not need to take action on this Dear CEO Letter.