Client Money and Assets

Help your employees understand rules set in Client Assets Sourcebook (CASS)

Key Learning Points:

  • What the client money and asset rules are
  • How the client money and assets rule affect your organisation
  • How to comply with the key requirements as set by the CASS
  • How to apply five key processes to protect client money in compliance with the client money rules (CASS 7)
  • Mandate-making information is required to create a mandate and how to safeguard this information
  • What the reporting requirements (CASS 9) are and the resolution pack requirements (CASS 10)
Client Money and Assets
Client Money and Assets
Client Money and Assets
Client Money and Assets
Client Money and Assets
Client Money and Assets
CPD Points

Course Overview

This online training course on Client Money and Assets explores how the rules affect employees, the principles it sets for organisations and their clients, and the standards and processes laid out in the Clients Assets Sourcebook (CASS).

The course is designed to enables learners to understand the regulation around the FCA's Client Assets rules and the key requirements for organisations to arrange for adequate protection of clients' assets when it is responsible for them.

Course Details

  • Course duration: 90 minutes
  • Immersive online training course
  • Certificate on completion
  • Course can be tailored using Adapt Authoring Tool
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Course Contents

This eLearning course consists of multiple modules which can be taken all at once for a holistic, detailed introduction to CASS, or as separate modules to suit individual needs, schedules and preferred learning styles.

Course Overview
Course Overview
Everyone working within in the financial services industry has a significant part to play in complying with the regulations surrounding client money and assets. This module serves as an introduction to the course and enables learners to understand why the Client Assets Sourcebook (CASS) rules were introduced and why they remain a high priority for the Financial Conduct Authority (FCA).
Key principles
Key principles
The FCA requires firms to arrange adequate protection for client money and assets in their care. Five key procedures recur continuously through CASS 6 and CASS 7 to ensure firms achieve this. This module covers the five key practices which underpin the client money and client asset rules – identification, segregation, due diligence, reconciliation and record-keeping.
The client money rules (CASS 7)
The client money rules (CASS 7)
The CASS 7 regulations require systems, controls and processes be developed and implemented to ensure that client money is consistently treated as an asset held in trust on their behalf. This module comprehensively explores the five key processes that are combined to protect client money in compliance with the client money rules as laid out in the Clients Assets Sourcebook (CASS 7).
The custody rules (CASS 6)
The custody rules (CASS 6)
Firms which safeguard and administer client assets must follow the rules in CASS 6. The importance the FCA places on the adequate protection of client assets is reflected in the substantial fines and personal sanctions imposed for non-compliance. This module explores the five key processes that protect client money in compliance with the rules as stated in CASS 6.
Mandates (CASS 8)
Mandates (CASS 8)
Mandates are client authorisations which enable firms to instruct third parties regarding client assets and liabilities without further client involvement. The full mandate rules are set out in CASS 8. This module enables learners to understand what information is required to create a mandate, what mandates enable firms to do and how this information must be safeguarded.
Reporting to clients and resolution packs (CASS 9 and 10)
Reporting to clients and resolution packs (CASS 9 and 10)
Firms must provide clients with effective reports of their assets and maintain resolution packs to ensure that client money and assets can be returned promptly in the event of an insolvency. This module explores the information to be provided and the importance of maintaining resolution packs for customers throughout the entire life of the asset.

Who Should Take This Course?

This eLearning course on FCA Compliance is suitable for firms regulated by the FCA and for employees with day-to-day responsibilities for the protection of client money and assets. Sectors regulated by the FCA include but are not limited to:

  • Banks
  • Finance Companies
  • Lenders
  • Credit Card Providers
  • Insurance
  • Accountants
  • Stockbrokers
  • Investment Funds

The Assessment

Learners are tested on their knowledge throughout the course with an assessment test at the end of each module. Learners must make all the right decisions to reduce the risks and ensure compliance with client money and assets rules. On successful completion of the course, learners will be able to download a certificate of achievement. Learners can also take the assessment again to improve their score.

2 Ways of Purchasing

You can purchase our courses individually or for even better value you can purchase the complete range of Compliance, Health and Safety or Performance Management courses in one neat bundle.

1. Individual Licenses

If you buy courses on an individual bases you pay a price per learner, per course per year. You can run these courses on your own LMS if Xapi/SCORM compliant or you can take them.

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2. Complete Bundle

Buy all of the Compliance, Health and Safety or Performance Management courses in one great value package and receive unlimited benefits.

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1. Individual Pricing

Number of Learners Cost (per year)
1 - 10 29 / per learner
11 - 20 25 / per learner
21 - 50 20 / per learner
51 - 100 15 / per learner
101 - 150 10 / per learner
150+ POA

Exchange rates are updated regularly but are only intended as a guide.

2. Complete Bundle Pricing

If you buy all the Compliance, Health & Safety or Performance Management in a complete bundle, all features come as standard, no matter the size of your organisation!

Number of Learners Cost (per year)
1 - 100 30 / per learner
101 - 200 25 / per learner
201 - 300 21 / per learner
301 - 400 18 / per learner
401 - 500 15 / per learner
501 - 750 12.50 / per learner
751 - 1000 10 / per learner
1001 - 2500 8 / per learner
2501 - 5000 6 / per learner
5000 - 10,000 5 / per learner
10,000 + POA
Included Features
  • All courses in our catalogue
  • New courses added regularly
  • Branded, downloadable posters
  • Customise Course Content for Your Team
  • Astute eLearning Platform
  • Regular course updates
  • Dedicated Account Manager
  • Unlimited help desk support

Exchange rates are updated regularly but are only intended as a guide. Prices are based on a 2 year contract.

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Clients Assets Sourcebook (CASS)

The FCA has made it clear that the protection of client money is of the utmost importance to the regulator. The FCA requires organisations to follow rules set out in the Clients Assets Sourcebook (CASS) whenever they hold or control client money or safe custody assets as part of their business. The key objective of this regulation is to arrange for adequate protection of client money and keep their assets safe, in case their business fails and exits the market. Inadequate measures revealed in high-profile failures such as Lehman Brothers and MF Global resulted in both protracted legal wrangling and renewed regulatory attention.

Clients Assets Sourcebook (CASS)

FAQ's

If you have any questions that are not covered here, please get in touch.

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What is the Client Assets Sourcebook (CASS)?
Any financial services provider that holds or controls client money or assets, must follow the rules outlined in the FCA’s Client Assets Sourcebook (CASS). CASS providers rules for firms to follow whenever a firm holds or controls client money or safe custody assets and helps ensure the safety of client money and assets if a firm fails and leaves the market. CASS has many recordkeeping requirements which apply to records regarding allocation of the supervisory function over CASS compliance.
Which are the three types of CASS firm types?
There are three types of CASS firm types: small, medium and large. It's important to know how a firm is classified, as the rules and regulations vary depending on the company's CASS size. Firms can determine which category your company falls into by calculating the size of your client money and/or custody asset holdings.
How many CASS rules are there?
There are 13 main rules as per the Client Assets Sourcebook (CASS). The main CASS rules, most likely to have an impact on the procedures of a business are CASS 7 (the client money rules), CASS 6 (custody roles), CASS 8 (mandate rules), and CASS 9 and 10 (reporting to clients and resolution packs).

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