In recent years, CASS Audits have shifted towards a more control-based approach from substantive, sample testing methods. This is particularly true when an FCA regulated firm holds money on behalf of clients and must therefore comply with the client money rules in chapter 7 of the FCA handbook.

Due to the manual nature of many reconciliations, firms often do not have the time or resource to investigate the root cause of reoccurring breaks. Furthermore, as a business grows, legacy issues are carried forward and eventually form part of a BAU process within regulatory reconciliations.

Meeting your CASS 7 / client money regulatory reporting obligations

Our whitepaper looks at some of the key challenges firms face when it comes to meeting CASS 7 obligations, such as risk issues, lack of complete date, break ageing and break treatment. The paper then looks at how as how delivering an automated client money reconciliation environment can help in overcoming the many challenges that firm face in regards to CASS compliance.

 

To access this resource and find out more information please complete the short form below.

*
*
*
*
*

* Denotes required field

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. AutoRek will not contact you by e-mail if you choose to leave the checkbox above un-checked.