1. Master the CASS Fundamentals First Training: CASS for Beginners at leamancrellin.co.uk covers regulatory requirements, best practices, and lessons from past failures. 2. Understand What Regulators Look For Training: CASS Support Functions course helps teams understand three lines of defence…
One of our Investment Management clients came to us with a problem; their teams used to log on at 08:30 and finish yesterday’s work. Exception lists were long, cutoffs felt close, and management information (MI) did not highlight real client…
Insights Meet Shaid Moughal, Head of Client Assurance (CASS SMF) 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 decentralised finance…
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…
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…
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…
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…
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…
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…
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…