CP16/4 CASS Compliance for Crowdfunders

This CASS paper illustrates a 10-step approach to CP16/4 compliance for peer-to-peer (P2P) crowdfunders.

The FCA took over responsibility for the regulation of the consumer credit market from the Office of Fair Trading (OFT) in 2014. It immediately applied the existing Client Assets Sourcebook (CASS) to peer-to-peer (P2P) crowdfunders.

The latest FCA consultation paper (CP16/4) allows some pragmatic changes in the application of the CASS rules, enabling crowdfunders to streamline their client money protection processes, but the requirements still remain onerous.

While crowdfunders are of course focused on growing this wonderfully disruptive new sector, they must be careful that their plans for expansion are not themselves disrupted by an FCA CASS inspection visit.

CP16/4: a 10-Step Guide

Modern CASS control and reconciliation systems can deliver and maintain a fully compliant CASS resolution pack with a high degree of automation.

This paper offers 10 steps which by following will put your firm in a much better position to comply with these regulations and avoid a regulatory shock.

Please complete the form to download this paper.

  • Please let us know if you would like us to contact you or not by selecting one of the options bellow.
  • I would like to receive communications from AutoRek via email
    No thank you, I do not wish to receive communications from AutoRek
  • Note: You will be able to unsubscribe at any time. We will not pass your data onto any third parties and it will be used by AutoRek only.
Sequence Preloader IconThree orange dots increasing in size from left to right

Thank you for downloading: CASS Compliance 10-step approach for P2P Crowdfunders – AutoRek

Request a Demo

Learn how AutoRek helps reduce costs, improve process efficiency and ensure on-going compliance with a range of regulatory reporting requirements.