This course is designed to provide a comprehensive and accessible introduction to the UK Financial Conduct Authority's (FCA) Client Assets Sourcebook. Its primary purpose is to equip professionals within the financial services industry with the fundamental knowledge needed to understand and comply with CASS regulations. By focusing on core principles, the course ensures that participants are well-versed in the rules designed to protect client money and custody assets, thereby safeguarding consumers and maintaining confidence in the financial markets.
The curriculum covers several critical areas essential for anyone working with client assets. It delves into the specific purpose of the CASS rules, explores their scope and applicability by defining the thresholds for different firm sizes, and clarifies the crucial distinction between "client money" and "custody assets."
The course also provides a detailed breakdown of the CASS Resolution Pack, explaining why it is a vital document and outlining its key components, which are essential for facilitating an orderly return of client assets in the event of a firm’s failure.
Ultimately, participants who complete this course will gain a solid foundation in regulatory compliance. They will be able to identify key CASS rules, understand how to apply them in their day-to-day roles, and appreciate the significance of proper record-keeping and segregation of assets.
Please note that Redcliffe's FCA CASS training courses can be delivered as a virtual classroom or in-house.