Client Assets

Safeguarding of Client Assets forms a cornerstone of trust in the financial industry

The last financial crisis saw a number of banks fail, notably Northern Rock and Lehman Brothers.

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  • corporate
  • health
  • higher-education
  • further-education
  • financial-legal-services
  • legal-2
  • charity

Available as

  • Off the shelf

Safeguarding of Client Assets forms a cornerstone of trust in the financial industry

The last financial crisis saw a number of banks fail, notably Northern Rock and Lehman Brothers. Their experiences demonstrated the importance of protecting client assets for the benefit of both individual customers, and society more broadly.

The financial regulator has strict rules to ensure that Client Assets are fully protected, irrespective of the macroeconomic environment.

These stem from its Principle 10:

“A firm must arrange adequate protection for clients’ assets when it is responsible for them”.

This course has been designed to help people understand how Client Assets should be protected through case studies and real-life examples. Learners will be assessed on their knowledge and understanding through a test at the end of the course.

Adjustments can be made to suit the needs of your company – please contact us for more information.

 

Course overview

This course is split into four parts:

Part 1 – Introduces the concept of ‘Client Assets’ and explores the strict regulations in place to ensure that they are protected across a range of financial services firms. This includes Principle 10 and the CASS chapter of the Handbook.

Part 2 – Explains how Client Assets should be handled in terms of controls and describes the governance structure required to oversee those controls. Examples are used to show good practice.

Part 3 – Demonstrates what happens if Client Asset regulations are not followed. Consequences may impact customers, firms, and society more broadly. A recent high-profile case is used as an example.

Part 4 – Contains a multiple-choice knowledge test based on the course content.

Course duration: this course should take around 30 minutes to complete. Learners can bookmark their progress before exiting the course and resume from that point.

Continuous Professional Development

This course is CPD Certified and counts as 30 minutes towards a learner’s annual CPD total.

https://www.handbook.fca.org.uk/handbook/PRIN.pdf

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