ADVANCED

Client Assets Rules and practical application

Client Assets Rules and practical application

Frequency: Bi-Monthly  

Duration: 3 hours

Location: Cordium UK offices, 130 Jermyn Street, London, SW1Y 4UR

Cost: £349 + VAT

Course Overview:

The FCA continues to be concerned about the capabilities of firms’ ability to demonstrate they have sufficient resources, expertise and procedures in place to avoid client money/ custody disasters and meet the requirements of the CASS Rules. Along with the new function of the CF10A, Management and Compliance are also expected to ensure they keep up to date with changes in the CASS requirements and are ready to react in case of need – this obliges ALL relevant personnel to understand the contents of the CASS rulebook.

Course Objectives:

  • Describe the FCA Rules relating to Client Assets applicable to the firm
  • Assess the impact of the Client Asset Rules on their firm
  • Benchmark current practices against what is required by the Client Assets Rules including CASS RP requirements

Key topics:

  • Background and Purpose of CASS
  • General Application: Who? What? Where?
  • Firm classification and Oversight CASS 1/1A
  • Collateral                                             CASS 3
  • Custody                                               CASS 6
  • Client Money/ Distribution          CASS 7/7A
  • Mandates                                           CASS 8
  • Prime Brokerage                              CASS 9
  • CASS resolution pack                      CASS 10

Course aimed at: Senior Management, CF10a, Finance and Operations staff

Maximum numbers: 12

This course can also be delivered as an onsite course or as an instructor lead course at a firm’s office.