CF10a assistance & regulatory reporting

CASS Officer Report
Under the CASS regime, a firm must allocate an individual (depending on the CASS firm classification) the responsibility for the CASS operational oversight function (CF10a) to ensure compliance with the CASS rules and report regularly into the firm’s governing body. Firms are required to demonstrate a culture of honesty and ethical behaviour, which extends to adhering to all systems and controls adopted for the segregation and protection of client assets. The CF10a should also be able to monitor any significant changes to the CASS regime, and will be expected to maintain a comprehensive CASS risk assessment, covering all CASS rules and regulatory reforms.
 
We can add value by providing assistance with a tailored risk assessment and keeping you informed of recent, and upcoming, regulatory changes through our horizon scanning service.  
 
CASS Resolution Pack
The CASS Resolution Pack (CASS RP) is a document containing records that would assist a insolvency practitioner return client money and assets quickly and in an orderly fashion following the default of the firm. This document needs to be approached with an insolvency mind-set and we have the depth of expertise in designing bespoke CASS RPs specific to different types of firms.
 
We can help you meet this requirement through conducting a gap analysis, building and establishing a comprehensive CASS RP, reviewing your internal and external reconciliations; and running a mock regulatory review to test the effectiveness of your CASS RP and whether it is fit for purpose.