TISA - Tax Incentivised Savings Association - Training Event

The Essentials of Client Money

Tisa -

The Essentials of Client Money

This workshop will be delivered by Karen Bond, Partner, Walbrook Partners.

Karen has more than 31 years financial services experience and has been a consultant since 1999. Assignments delivered include support for the development and setting up of operational processes, including client money procedures, selection and implementation of outsource providers, operational transformation and strategic propositional advice. She has worked for a wide variety of firms, including platforms and their software providers, wealth managers, asset managers and outsource providers.

Workshop Objectives:
  • To understand regulatory responsibilities of firms when handling Client Money, including the latest auditor and regulatory expectations
  • To understand the high level requirements for handling receipts, payments and income
  • To understand the impacts of transaction flows and timings on the protection of client money
  • To explain requirements for reconciliation, funding, recording & reporting
  • To explore the application of the various exemptions applicable in given circumstances
  • To review the impacts and management of prudent segregation and intra-day funding requirements
  • To understand the requirements for governance and oversight, including the management of outsourced services

Workshop Agenda:

  • What is CASS; purpose of the Client Money rules
  • Penalties & responses to failure
  • Bank & Custodian Due Diligence
  • Receiving and handling Client Money
  • Paying out and Third Parties
  • Exemptions
  • Reconciliations & funding overview
  • Evidence requirements
  • Prudent segregation and intra-day funding
  • Breaches
  • Governance and Oversight

Registration at 12:45, to commence at 13:00 and to conclude at 17:00


Members: 400

Non-members: 500

This session is endorsed by the CISI for CPD requirements. CISI members pay a discounted rate and can book via the link below. To receive your discount as a CISI member, please enter the discount code provided by the CISI.