Handling Client Assets and Money - Financial Services - Searchlight Insurance Training

Handling Client Assets and Money – Financial Services

The aim of this workshop is to provide a broad overview and understanding of the FCA Rules, particularly in CASS 3, 6 and 7 and the general compliance requirements associated with the handling of client assets and money.

It is designed for directors and senior managers with client asset and money responsibilities, accounting staff and supervisors, and compliance officers, in IFAs and investment management firms.

Click “Check Availability” to find out which dates are available and make a booking or contact us on 01372 361177 or at training@ssluk.net . Alternatively, please let us know if you would like us to deliver this as an in-house workshop.

Level: Introduction

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECTIVES

• Explain the regulatory responsibilities of firms when handling client assets

• Explore the FCA high level obligations which relate to client assets.

• Describe the oversight requirements, particularly approved persons

• Interpret the specific applications, requirements and rules of the CASS sourcebook
o Collateral
o Custody of Assets
o Client money

• Explain the requirements for reconciliation, recording and reporting

• Gauge the current regulatory concerns and priorities

• Identify any reviews or changes that may be required

WORKSHOP CONTENT

• Introduction to FCA regulations: zero tolerance rules within a principles-based approach

• The expectations of the Principles for Business and Senior Management Arrangements, Systems and Controls

• The current regulatory concerns: the “hot buttons”

• The objective: the CMAR

• The CASS rules:
o Categorisation
o Collateral provisions
o Safe custody rules
o Client money and bank rules
o Reconciliations and client money calculations

• Notifiable breaches

• Gap analysis/health check, in the client money audit