CASS Update

From 1st June this year, all FCA regulated firms will need to fully comply with all the changes to the Handbook being introduced under Policy Statement 14/9, which relates to client assets and client money.

PS 14/9, introduced in June 2014, is effectively a rewrite of the client assets Sourcebook (CASS) for member firms.  Areas affected are client asset segregation, record keeping and reconciliations, as well as how to manage client asset risks.

Hardening of the CASS rules has led to a higher demand for candidates with relevant Client Money backgrounds in particular over the past year or so.  CASS knowledge has been at a premium as some management companies have reinforced in house expertise, whilst others are recovering from hefty regulator fines for non-compliance.

If you would like to discuss recruitment of CASS specialists please contact Steve Johnson on 01277 263578.