CASS Overview
The FCA's Client Assets Sourcebook (CASS) supports Principle 10 of the FCA's Principles for Businesses. This Principle states that firms must arrange adequate protection for clients' assets.
Our CASS Overview Training Course explains the rules surrounding the protection of client money and client assets, as well as how to apply these rules in your day-to-day work.
Here, you will learn about the rules surrounding the protection of client money and client assets, and see how you must apply them in your day-to-day work.
- 35 Minutes
- All staff
- Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

Learning objectives
- Define what client money is and what client assets are
- Assess the requirements for firms that are permitted to hold client money or client assets
- Review governance requirements and good business practice
- Understand the requirements for record-keeping and reporting to the Financial Conduct Authority (FCA)
- Review the implications for firms that do not have permission to hold or control client money or client assets
What can you expect your employees to learn?
Introduction
What is CASS?
- Key terms
- You decide: Client assets and money
The CASS Sourcebook (Sections 1 to 7)
- The CASS Sourcebook (Sections 8 to 14)
- CASS firm classification
CASS 6 & 7
- Segregation of client money
- Third parties
- How are safe custody assets used?
- How is client money held?
- CASS 7: Segregation
- You decide: Due diligence
Governance
- How can things go wrong?
- Reconciliations
- Physical assets
- Discrepancies
- Diversification
- Pooling
- Good business practice
- You decide: Depositing client money
Reporting & record-keeping
- Information on safeguarding client assets
- Acknowledgement letters
- You decide: Reporting
Temporary handling of safe custody assets
- The banking exemption
- Insurance brokers
Summary
Affirmation
Assessment
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Features |
Supported file types and details |
File Exchange |
File types: PDF, Excel spreadsheets, Word documents, SCORM and xAPI files, and compressed zip files. Max file size: Default is 1GB, can be increased to a max of 2GB |
SCORM files |
Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB |
xAPI file |
Max file size: 2GB |
Videos |
File types: MP4 or MOV. Videos must be optimised, with a max file size of 100MB. If the file is bigger, our Design Team can help |
Images |
File types: jpg, png and gif. The file size should ideally be 100KB, but it can be up to 250KB |
CPD evidence |
File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
Policy documents |
PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
Offline activities evidence |
File types: PDF, DOC, DOCX, XLS, XLSX, CSV, PNG, GIF, JPEG, JPG, PPTX and MSG. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
Client logo files |
File types provided by client: EPS, PDF, AI and SVG |
Registers |
PDF, DOC, DOCX, XLS, XLSX, CSV, PPT, PPTX, POT, PPA, PPS, JPG, JPEG, PJEPG, PNG, BMP, GIF, MP4, MOV, WMV, CPTX, CP, TXT, ZIP and MSG files |
Declarations |
JPG, JPEG, PNG, GIF, XLS and XLSX files |