Regulatory Knowledge and Skills

Handling Client Money

Handling client money by general insurance intermediaries remains a key FSA concern, who continue to discover breaches of the Client Assets rules (CASS). These rules are likely to be tightened during 2010.

This workshop provides a detailed analysis – or reminder - of the CASS rules and their practical application.

It is designed for directors and senior managers with client money responsibilities, accounting staff and supervisors, and compliance officers.


WORKSHOP OBJECTIVES

Explain the responsibilities of firms when handling client money

Outline the FSA’s High Level Standards which impact on handling client money

Define the key requirements of the CASS sourcebook:
. holding money as an agent of the insurer
. statutory and non-statutory trust accounts
. differentiating between regulated and non-regulated cash
. satisfying fiduciary duty
. the Client Money Calculation.

Highlight the specific FSA concerns and practical solutions

Assess the operational implications within the participant’s own firm

Assist in identifying reviews, improvements or changes that may be required within the firm

Discuss the implications of proposed rule changes


Duration: 1 day(s).  Level: Regulatory

Available Dates and Trainer
Course Start Date Duration Location Trainer  
21/10/2010 1 day(s) London John Constable Book place(s)