TISA - Tax Incentivised Savings Association - Training Event

Recs & Checks - Client Money and Custody Asset Reconciliations and Record Checks

Tisa -

Recs & Checks - Client Money and Custody Asset Reconciliations and Record Checks

This workshop will be delivered by Karen Bond, Partner, Walbrook Partners. Karen has more than 35 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 CASS requirements, selection and implementation of outsource providers, remediation of CASS issues and support for s166 reviews and FCA visits. She has worked for a wide variety of firms, including platforms and their software providers, wealth managers, asset managers and outsource providers.

The course will provide detailed information on Client Money Reconciliation processes and methodologies under CASS 7 and Custody Asset Reconciliations and Records Checks under CASS 6. It will include detailed explanations of the requirements and how the oversight of these should be managed. Participants will receive practical explanations related to the real life operation of these processes, including:

Regulatory background and the penalties for failure
Overview of key relevant rules
Internal and external client money reconciliations purpose and differences
Internal client money reconciliation methodologies
Custody asset reconciliation and record checks requirements
ISEM purpose and approach
Treatment of discrepancies and funding requirements
Breaches relating to reconciliations and record checks
Oversight of reconciliation processes

The course will be suitable for those with little or no experience in this area or who wish to refresh their knowledge. Types of business covered will include those within scope of CASS 6 & 7, including fund managers, wealth managers and platforms. Where applicable, the impact of the new FRC audit standards in relation to CASS will be considered.

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

Costs:
Members: 400
Non-members: 500


Available Dates
Location Title Dates  
Cathedral View, St Vincents Centre, Carlisle Place, London, SW1P 1NL Recs & Checks - Client Money and Custody Asset Reconciliations and Record Checks 22nd May 2019 Book Now