Client money - the new CASS regime under the FCA

In CP13/5 (Review of the client asset regime for investment business), the FCA announced a major overhaul of the old FSA client asset rules following the Lehman and MF Global insolvencies and related litigation. Firms face many changes to their day to day operations.

Meanwhile, the FCA has continued to significantly increase the level of its supervisory activity in this area and to take enforcement action against firms for non-compliance under the current rules. The FCA is also looking to hold senior management to account where personal responsibility for any failings can be established.

At this seminar our regulatory and insolvency experts will -

• Outline the key changes under the new FCA rules and explain how these will impact firms.
• Provide an update on the current reviews into the CASS distribution rules and the Special Administration Regime (SAR).
• Explain the consequences of the FCA's increased supervisory and enforcement activity in this area and how firms should respond to this.

This seminar is relevant for investment firms, fund managers and banks that operate under CASS 7 and for any firms that place money or investments under the CASS regime. It is intended for in-house counsel and those in compliance, risk and finance teams and anyone with client asset responsibilities.

There is no charge for attending this seminar.

Please click here if you would like to register.