Client Assets Workshop
Overview
The protection of Client Money is of the utmost importance to the regulator, relating as it does to the statutory objective of consumer protection and Principle for Business 10 - 'A firm must arrange adequate protection for Clients' Assets when it is responsible for them'.
The Client Asset Rules, found in the CASS chapter of the regulator's handbook, have changed fairly extensively as a result of the implementation of MiFID at the end of 2007. Most notably, professional clients engaged in MiFID business are no longer able to 'opt out' of receiving Client Money protections. It is therefore essential that firms familiarise themselves with the new CASS sourcebook, in which parallel regimes operate for MiFID and non-MiFID business.
Who is this for?
The course is aimed at individuals in all Firms who are involved in, or responsible for, the safe custody of Assets and holding Client Money.
Learning Outcomes
After attending this course, participants will be able to:
- Describe the regulatory Rules relating to Client Assets
- Assess the impact of the Client Asset Rules on their firm
- Benchmark their current policies and procedures against best practice
- Identify changes that need to be made to their current arrangements to enable them to comply with the obligations under the Client Asset Rules
Course Details
- Background and purpose of CASS
- The scope of the Rules and their impact
- Client types affected
- Asset reconciliations and calculations
- The use of Money Market Funds
- Unregulated custodians
Delivery
Have the flexibility to deliver your In-House training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.
Find out more about your Virtual or In-Person training experience below.
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
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Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.
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On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.