CASS 11: Debt management client money
Chapter 11 covers FCA sourcebook in relation to the regulatory responsibilities of firms which apply to debt management firms that receive or hold client money. It aims to provide an understanding more of the Client Assets Sourcebook Chapter 11 (CASS 11) including statutory trust and bank account acknowledgment letters. they will learn the CASS 11 requirements on Account reconciliation and record keeping and the governance and supervisory expectations.
Learning Outcomes for this module include:
Understanding of the regulatory responsibilities placed on firms in relation to chapter 11 of the FCA’s Client Assets Sourcebook (CASS)
Ability to Identify the FCA’s high level principles which underpin the client money rules
Knowledge of the specific requirements for receiving and holding client money within the context of debt management
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