UK CASS Regime

Objectives

On completion of this tutorial, you will be able to:

• Identify the events that gave rise to the need to reform the CASS regime

• Describe the key elements of the CASS sourcebook

• Recognise the importance of a firm’s systems and controls in meeting the CASS requirements

Tutorial Overview

This tutorial is a guide to handling client money and holding assets in safe custody for financial services staff at all levels. The tutorial details the key requirements of the FCA’s CASS sourcebook as well as the systems and controls that firms should have in place. The tutorial has been designed so that it can be used by someone who has no experience of safe custody issues. However, there is sufficient detail in the tutorial to make it useful to more senior managers, particularly those who may be contemplating a role that involves CASS responsibilities.

Prerequisite Knowledge

None

Tutorial Level

Introductory

Tutorial Duration

75 minutes