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Mar 13, 2023 · CASS compliance is needed if you control client money. Learn more about CASS rules, when and how to classify your CASS firm and what to submit for your monthly CMAR report. Find out how to follow our client assets rules, including sending us a return about your client assets.
- FCA Handbook
CASS Client Assets. Expand +. CASS 1 Application and general...
- Annual Classification and Notification
This is because these firms can hold any monies arising from...
- Client Money and Assets Reporting
Client money and assets reporting. First published:...
- Client Assets
Therulesin CASS 1.2set out the maximum scope of this...
- Cass 1
CASS 1.5.1 G 01/12/2004 RP. GEN 2.2.14 R (References to...
- FCA Handbook
- FCA Objectives and Approach
- FCA Policy Developments
- Recent FCA Enforcement Cases
- Key Messages
So, starting at the beginning. No FCA speech would be complete without the speaker first detailing the FCA objectives. So here we go. The strategic objective is to make markets function well, which we’ll do by: 1. securing an appropriate degree of protection for consumers 2. protecting and enhancing the integrity of the UK financial system, and 3. ...
I’ve mentioned consumer credit and the accountability regime we are introducing, but there are a few further policy ‘puzzle pieces’ that will form the bigger picture relevant to your responsibilities. There is the post-crisis prudential reforms, particularly around recovery and resolution, which are vital for improving financial stability. Measures...
But why is all this necessary? If I haven’t convinced you so far of the importance of this area, then it may be useful for me to talk about a recent example of failings we’ve seen. Apologies in advance if certain individuals feel under the spotlight in this section. The Barclays case – Barclays was fined almost £38 million in September, our largest...
So, in conclusion, you’ve heard about the FCA approach and how it applies to CASS; you’ve heard about some of the new rules we’re introducing to the CASS handbook and elsewhere that are important for you to understand; and, you’ve heard about what can happen if rules are not complied with. I hope I’ve left you in no doubt that CASS is an FCA priori...
3 days ago · Publication of the Cass review in April 2024 was a seminal moment in contemporary medicine. Hilary Cass, a consultant paediatrician, was commissioned by NHS England to report independently on “the services provided by the NHS to children and young people who are questioning their gender identity or experiencing gender incongruence.”1 The background was an increase in referrals—of mainly ...
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