Implementing the new CASS 6 and CASS 7 regime: action points for investment firms | Practical Law

Implementing the new CASS 6 and CASS 7 regime: action points for investment firms | Practical Law

Please note that this document has a law stated date, which means that it is no longer maintained.

Implementing the new CASS 6 and CASS 7 regime: action points for investment firms

Practical Law UK Practice Note 2-578-2345 (Approx. 17 pages)

Implementing the new CASS 6 and CASS 7 regime: action points for investment firms

by Rob Moulton, Partner, Jake Green, Senior Associate, and Nicola Higgs, Senior Associate, Ashurst LLP
Law stated as at 01 Jun 2015
Please note that this document has a law stated date, which means that it is no longer maintained.
The FCA has overhauled its client assets regime for investment business. This note sets out final policy and rules that were published in an FCA policy statement (PS14/9). It considers the key changes to the custody and client money requirements in chapters 6 and 7 the Client Assets sourcebook (CASS 6 and CASS 7), which fully came into force on 1 June 2015.