CASS 9: Information to Clients Training Course

Under the requirements of CASS 9, you are required to pass on certain information to clients, particularly where prime brokers, custody assets and client money are concerned. Learn what your responsibilities are and how you can fully comply with the FCA's rules.

Our CASS 9: Information to Clients Course provides a high-level introduction to the information you need to know to comply with CASS 9: Information to Clients.

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare you to:

Understand the overall requirements of CASS 9
Define a prime broker and explain the reports that need to be made by prime brokers
Identify the information that needs to be provided regarding custody assets and client money
Identify the reporting that is provided to clients on request

Course Outline

Welcome

What is the purpose of CASS?

Client assets & client money

- You decide: Are they client assets or money

Purpose of CASS 9

CASS 9 in detail

- What is a prime brokerage?
- The FCA's definition

Providing daily reports to clients

- What else must the statement include?
- A durable medium
- You decide: Is it a durable medium?

Prime brokerage agreement disclosure annexe

- Key provisions of the disclosure annexe
- Principle 10 obligations
- You decide: The disclosure annexe

Custody assets & client money information

- Non-MiFID business
- MiFID business
- You decide: What is required?

Reporting to clients on request

- Statements
- You decide: How quickly must you act?
- Are there any exceptions?
- Fair, clear and not misleading

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 25 minutes followed by a 10-question assessment.

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet.

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.