Our very own Neil Makwana, a CASS and Compliance expert from Leaman Crellin, 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…
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…
On Friday (24 July 2020) the FCA sent out a Dear CEO letter to wholesale brokers about use of title transfer collateral arrangements and the matched principal exemption. The FCA call to action is for all firms who receive the…