Compliance & Regulatory: Handling Client Money
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Compliance & Regulatory: Handling Client Money
CII - Handling Client Money - 1 day course in London
This course is designed to help delegates understand the responsibilities of firms when handling client money. The course outlines the FSA’s High Level Standards, which impact on handling client money.
Benefits of the course include:
• Understand the key requirements of the CASS sourcebook;
– Holding money as an agent of the insurer
– Statutory and non-statutory accounts
– Differentiating between regulated and non-regulated cash
– Satisfying fiduciary duty
– The Client Money Calculation
• Be able to highlight the specific FSA concerns and practical solutions
• Assess the operational implications within the participant’s own firm
• Assist in identifying reviews, improvements or changes that may be required within the firm
• Be able to discuss the implications of proposed rule changes.
If you want to find out more about Compliance & Regulatory: Handling Client Money, you can make an information request below and the school will contact you with further information.
Suitability and application
This Handling Client Money course is suitable for directors and senior managers with client money responsibilities, accounting staff and supervisors, and compliance officers.
Find out if this course from the Chartered Insurance Institute is right for you.
Handling Client Money programme content:
• Introduction to FSA regulations: zero tolerance rules within a principles-based approach
• The expectations of the Principles for Business and Senior Management Arrangements, Systems and Controls
• Senior management responsibilities
• A process map to ensure correct classification, segregation and client money handling
• Detail and depth of the FSA – CASS sourcebook rules and requirements for formal procedures: particularly;
– Risk Transfer Agreements, co-mingling and subordination
– The vital role for Terms of Business Agreements
– Managing banks and accounts
– Comparing statutory and non-statutory trust accounts
– Legacy and ‘unmatched’ cash
– Completing the Client Money Calculation and reconciliation
Expenses
The cost of this Handling Client Money training course is: £370.00 for non-members, and £330.00 for CII members.
This course can also be tailored to your requirement and run as an in-house / company specific course - please contact us here for more information.
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