CASS Overview Training Course

The FCA's Client Assets Sourcebook (CASS) supports Principle 10 of the FCA's Principles for Businesses. This Principle states that firms must arrange adequate protection for clients' assets.

Our CASS Overview Training Course explains the rules surrounding the protection of client money and client assets, as well as how to apply these rules in your day-to-day work.

Here, you will learn about the rules surrounding the protection of client money and client assets, and see how you must apply them in your day-to-day work.

About this Course

Available as part of our FCA & Insurance Course Library.

Learning Objectives

This course will prepare your employees to:

Define what client money is and what client assets are
Assess the requirements for firms that are permitted to hold client money or client assets
Review governance requirements and good business practice
Understand the requirements for record-keeping and reporting to the Financial Conduct Authority (FCA)
Review the implications for firms that do not have permission to hold or control client money or client assets

Course Outline

Introduction

What is CASS?

- Key terms
- You decide: Client assets and money

The CASS Sourcebook (Sections 1 to 7)

- The CASS Sourcebook (Section 8 to 14)
- CASS firm classification

CASS 6 & 7

- Segregation of client money
- Third parties
- How are safe custody assets used?
- How is client money held?
- CASS 7: Normal & alternative segregation
- You decide: Due diligence

Governance

- How can things go wrong?
- Reconciliations
- Physical assets
- Discrepancies
- Diversification
- Pooling
- Good business practice
- You decide: Depositing client money

Reporting & record-keeping

- Information on safeguarding client assets
- Acknowledgement letters
- Best practice
- You decide: Reporting

Temporary handling of safe custody assets

- The banking exemption
- Insurance brokers

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 35-minute long e-learning course 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 a 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.