Client money and assets (the CASS Regime) – identify, assess and reduce risks

Member price for Online Live: £379 + VAT

Member price for England: £642 + VAT

Non-member price: £755 + VAT

Timing: 9.00am-5.00pm

Overview

How client money and assets are handled by FCA-regulated firms is a core focus for the Financial Conduct Authority, and the consequences of failure are severe (both in terms of FCA penalties and reputation). The FCA continues to review and update its requirements, so firms need to keep pace with a moving target.

This course focuses on providing knowledge, understanding and insight in relation to the Client Money and Asset Sourcebook (CASS) as a document and as a body of regulation applicable to thousands of firms. This course focuses specifically on the Client Money rules (CASS 7), and the Client Assets rules (CASS 6), looking closely at the requirements and the procedures that firms need to have in place to ensure compliance.

This detailed introductory course seeks to provide a grounding in key CASS concepts, risks and regulatory requirements. It covers the following topics:

• Introduction to the CASS Regime
• Client Money Requirements (CASS 7)
• A Firm’s Responsibilities
• Client Asset Requirements (CASS 6)
• CASS Regulatory Reporting
• The Regulatory Landscape

What you will learn

• the regulatory concerns in relation to Client Money and Assets
• CASS risks and key FCA regulatory principles
• the regulatory requirements and how to practically apply them
• the importance of getting reconciliations right
• record keeping obligations and their significance
• assessing your firm’s CASS oversight framework

Who should attend

Management, compliance and administration professionals whose companies are regulated by FCA and hold or control client money and/or custody assets, particularly:

• holders of the CASS operational oversight (CF10a) function
• directors and senior management with client money responsibilities
• staff or market participants with day-to-day responsibilities for the protection of client money and assets

Questions?

BPP | Tel: 0330 060 3303 | Email: ldicas@bpp.com