That's a great question. I guess the short answer is no, but let me give you some context.
Currently there are no comprehensive rules that apply to payment service providers to safeguard end-user funds. Safeguarding will protect consumers' and businesses' funds against financial loss in the event that a payment service provider were to fail.
What the legislative requirement includes is a requirement by a payment service provider to hold user funds, their clients' funds, in a trust account, or they would have to obtain an insurance product or guarantee of some sort that would cover the end-users' funds, should the payment service provider fail or reach insolvency.
The other requirement is that payment service providers would have to hold client funds separate from their own operating funds. In this way, it would provide greater consumer protection and access to funds, should the payment service provider fail.