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Client Assets (CFRA)

This Client Assets course will provide you with an understanding of the FCA's Client Asset rules and the importance of safeguarding client assets. You will also know the key provisions of the Client Money and Custody rules.

Geography Covered: EMEA | Duration: 45 minutes

Summary

The financial services industry requires the trust of its customers, and a key foundation of that trust is the belief that the industry will keep the money and investments of customers safe. This concept is known as "safe custody." Market events during the past few years, such as the failure of Northern Rock and the Lehman insolvency, have highlighted the importance of protecting assets belonging to clients.

To ensure that client investments are protected and not misused, there are very strict rules enforced by the Financial Conduct Authority (FCA) that firms must follow. The aim of these Client Asset rules is to safeguard client assets should the firm become insolvent. Breaches of these rules can result in severe reputational damage and financial penalties.

The topics covered in the course include:

  • Background on FCA’s Client Asset rules
  • Key requirements
  • Definition of client money
  • Client money rules
  • Custody rules
    • Client Assets (UK)
  • Like with all our courses, the Client Asstes course was written by experts and powered by world-leading regulatory intelligence, which tracks more than 900 regulators and exchanges globally to ensure the course content is always up to date.

    All our training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them.

    We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and helps you build a culture of integrity and compliance.

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