08 Oct 2019, London
9:30am to 12:45pm
Failure to comply correctly with client money requirements remains one of the major causes of firms falling foul of the regulators . . . and one of the most costly. Following the collapse of Lehmans, the FSA increased its focus and resources in this area and its successor regulator, the FCA, has continued this emphasis and increased its resources in this regard: strengthened its requirements on operational controls, introduced a new CASS oversight function, established a dedicated reporting framework and new notification requirements and incorporated CASS considerations into Recovery and Resolution plans.
The FCA's new rules on the protection of client assets and money for investment firms (PS14/9) came fuly into force on 1st June 2015. The new rules are a significant change to the previous regime and include a complete re-write of the client money rules in CASS 7 and major changes to the custody rules in CASS 6. This practical half day seminar will:
This event will be of value to all those responsible for senior management oversight or the day to day operational processes involved with client money and assets. It will also benefit anyone in compliance or legal functions in the business. This will include:
Charlotte Hill is a financial services and regulation partner in the London office of Taylor Wessing LLP. She specialises in advising financial institutions on regulatory and commercial matters. Charlotte has had considerable industry experience during her career, having worked at the regulator, IMRO (a predecessor regulator of the FCA) in the enforcement division and subsequently, was Director of Legal at Threadneedle Investments. This industry experience is invaluable in providing clients with truly commercially focussed advice. Her clients range from very large, multi-national conglomerates to specialist boutiques. Charlotte is recognised as a Leading Individual by Chambers UK, who note “her in-depth knowledge of the FSA” and “professional, responsive” approach, as well as Legal 500 UK. She regularly publishes articles on regulatory topics in a range of industry publications and speaks at both external conferences and seminars and in-house client training events.
|PS14/9: what has changed?||
|Senior management and the CF10a role||
|The FCA's approach to supervision and CASS visits||
This course can be delivered in-house at a time and location to suit your business and tailored to suit your people and organisation. We can also create bespoke training when something very specific is needed.Please contact us to discuss your requirements in more detail and at no obligation.