Category CASS

Behind The Desk Guest with Shaid Moughal 

Insights  Meet Shaid Moughal, Head of Client Asset Sourcebook (CASS) at Aberdeen, who shares his journey from investment banking to becoming a champion for investor protection. He talks about leading through regulatory transformation, the value of soft skills, and how…

Five CASS Myths That Could Cost Your Firm  

colored glacial rivers of Iceland

Senior compliance professionals continue to stumble over fundamental misconceptions about Client Asset Sourcebook requirements as the FCA’s new CASS 15 safeguarding rules near implementation  We have spent years advising financial services firms on CASS compliance. We continue to help clients…

Safeguarding CASS rules

FCA Cracks Down on Payment Firms with Toughest Safeguarding Rules Yet   The Financial Conduct Authority has delivered its strongest response yet to mounting consumer protection and safeguarding failures in the payment firms sector, publishing sweeping new safeguarding rules that will…

Neil Makwana discusses CASS

Neil Makwana

Our very own Neil Makwana, delivered an insightful presentation at The Broker Club’s November event. Neil delved into the critical topic of CASS (Client Asset Sourcebook) requirements, which are paramount for regulated firms managing client assets, overnight client positions, or…

Read across from FCA CASS fine

Read across from FCA Charles Schwab fine

You cannot outsource responsibility Engaging a third-party supplier or provider makes great commercial sense, it can bring expertise, efficiencies, or quickly achieve scale. Whatever your reasons for outsourcing and no matter who you choose to partner with, you will always…

CASS: 6 things the FCA expects of you

CASS: 6 things the FCA expects of you - Leaman Crellin

FCA works on a risk-based approach and as such they group firms according to the level of risk the firm poses to the FCA objectives. For CASS (the FCA’s Clients Assets Sourcebook), the FCA determines this according to how much…

Finding breaches is not all bad news

Finding breaches is not all bad news

Rules breaches can have negative connotations after all non-compliance is never good. It can depend of course on what the breach is, whether its material, affects many clients or appears systemic. A breach that you identify yourself, in-house, perhaps through…

Matched Principal Exemption

Matched Principal Exemption

Last week’s blog about the recent FCA CASS Dear CEO letter has prompted many questions, and particularly about the matched principal exemption. This is a brief note to address those common questions about the matched principal exemption. What is the…