CASS: An Overview
This module has been designed as a guide to this sourcebook. We explore key regulatory requirements and demonstrate how to satisfy the FCA’s expectations of handling client assets. The FCA’s Client Assets Sourcebook (CASS) governs firms that perform certain investment, debt management and insurance-related activities with money and assets belonging to their clients. The main purpose is to protect those clients, for example in case of business failure or their assets being mishandled
Learning Outcomes for this module include:
Understand the terms associated with CASS and how they relate to each other
Gain an overview of the CASS sourcebook and its relationship with other elements of the regulatory Handbooks.
Learn about the rules governing the way in which client money and client assets must be handled, including the importance of segregating client assets and client money.
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