Background to, and application of, CASS 9 Prior to 1 December 2014, most of the client information and reporting requirements in relation to client assets held by...
Background to the Client Assets Resolution Pack The collapse of firms such as Lehman Brothers International (Europe) (LBIE) in 2008 and MF Global UK Ltd in 2011 led to...
Application and purpose of the client money distribution and transfer rules The client money distribution rules were significantly amended on 1 January 2013 in order to...
What does the FCA’s client assets regime cover? The client assets regime contains some of the most significant regulatory requirements found in the Financial Conduct...
Background to the client money rules The rules governing how a firm must safeguard and handle client money held in relation to its investment business are found in...
What do the FCA custody rules cover? The custody rules contained in chapter 6 of the Financial Conduct Authority's (FCA) Client Assets sourcebook (CASS) provide details...
Background to the FCA’s client money requirements in relation to debt management firms In December 2012, the Financial Services Act 2012 (FSA 2012) received royal assent...
Where a client: • gives a firm power to deal with his assets (without transferring ownership) under a mandate • gives a firm an asset as a form of security to guarantee...
Brexit impact This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. The Bank Recovery and Resolution and Miscellaneous...