Our very own Neil Makwana, a CASS and Compliance expert from Leaman Crellin, delivered an insightful presentation at The Broker Club's November event. Neil delved into the critical topic of CASS (Client Asset Sourcebook) requirements, which are paramount for regulated firms managing client assets, overnight client positions, or dormant unclaimed funds.
Key Highlights:
CASS Purpose and Rules:
Neil provided a comprehensive overview of the fundamental principles and regulations.
Regulatory Expectations:
Attendees gained valuable insights into what the regulator seeks during assessments.
Common Pitfalls:
The presentation highlighted frequent issues firms encounter in CASS compliance.
CASS 15 Proposals:
Neil explored how these new proposals might address current challenges in the industry.
Why It Matters
As financial professionals, we all share a crucial responsibility to ensure client assets are kept safe, segregated, and protected. This event reinforced the importance of staying informed and compliant in an ever-evolving regulatory landscape.
Huge thanks to The Broker Club for organising this session and to all attendees for their participation.
If you'd like to dive deeper into CASS requirements or discuss any other regulatory compliance challenges, don't hesitate to reach out. Our team at Leaman Crellin is here to help you navigate the complexities of financial regulations.
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