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Chartered Insurance Institute
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Handling client assets and money - financial services - one day course


The aim is to provide a broad overview and understanding of the FCA Rules, particularly in CASS 3, 6 and 7 and the general compliance requirements associated with the handling of client assets and money.


  • Introduction to FCA regulations - zero tolerance rules within a principles-based approach 
  • The expectations of the Principles for Business and Senior Management Arrangements, Systems and Controls 
  • The current regulatory concerns - the 'hot buttons' 
  • The objective - the CMAR 
  • The CASS rules: 
    • Categorisation 
    • Collateral provisions 
    • Safe custody rules 
    • Client money and bank rules 
    • Reconciliations and client money calculations 
  • Notifiable breaches 
  • Gap analysis/health check, in the client money audit.

Learning outcomes

  • Explain the regulatory responsibilities of firms when handling client assets 
  • Explore the FCA high level obligations which relate to client assets 
  • Describe the oversight requirements, particularly approved persons 
  • Interpret the specific applications, requirements and rules of the CASS sourcebook:
    • Collateral
    • Custody of Assets 
    • Client money 
  • Explain the requirements for reconciliation, recording and reporting 
  • Gauge the current regulatory concerns and priorities 
  • Identify any reviews or changes that may be required.

Who should attend?

This course is designed for directors and senior managers with client asset and money responsibilities, accounting staff and supervisors, and compliance officers in IFAs and investment management firms.

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.

Book online

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Sold out!

Scheduled dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.