The FCA relies greatly on the quality of the protections afforded by the client assets regime because they help to ensure that clients’ assets and money are safe in the event of firms failing and exiting the market. Weaknesses in firms’ client asset systems and controls can cause serious financial detriment to customers and counterparties, as well as reputational damage to the FCA and UK markets.
The Client Asset Unit’s mission is to help minimise the risk of financial loss from control failings and mitigate the damaging effects of such potential failures on consumers, firms and the FCA.
Our Client Asset Unit has the following objectives:
If you have any client money and assets enquiries, please send any queries to CASSGeneral@fca.org.uk
If you have any client money and assets enquiries, please email us at CASSGeneral@fca.org.uk.
During December 2014 and January 2015, we ran a series of briefings for CASS firms to outline the changes. Firms are required to implement these changes by the relevant timescales. To help you understand the changes, you can watch a recording of a CASS briefing we held in January.
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