Fide Consulting

CASS 7 Client Money Training

Introduction

25 lessons · 31 min

Module 1

Introduction

Module 2

Financial Conduct Authority

Objectives of the Financial Conduct Authority

What is Client Assets

When does CASS apply to a firm

Module 3

Client Money

What is Client Money

Consequences of non-compliance

CASS 7 Application

Client Money – Banking Exemption

Organisational arrangements

Segregation approaches

Client money segregation

Depositing client money with third parties due diligence

Client money diversification

Records and accounts

Overview of client money reconciliations

Client money reconciliations methods

Client money calculation – net negative add back

Client money calculation – individual balance method

Common pitfalls client money reconciliations

Statutory trust

Acknowledgement letter requirements

Prudent segregation

JP Morgan Securities Limited – Case Study

Module 4

Conclusion

Thank You

Module 1 · Lesson 1

Introduction