If you hold or control client money as part of your business, it’s essential to comply with the FCA’s CASS (Client Assets Sourcebook) rules.
This is more than a legal obligation. It’s part of being a responsible and trustworthy financial services business. But the CASS rules come with complex requirements, potential pitfalls and strict deadlines, adding considerable pressure.
Our FS audit specialists will help you to meet your CASS obligations. By building an understanding of your business model, we’ll also recommend improvements to your systems and controls.
To minimise disruption, we can run CASS audits in conjunction with statutory audits. Our CASS auditing and reporting expertise includes:
- CASS 5 audits – Insurance
- CASS 6 audits – Custody Assets
- CASS 7 audits – Client Money
- CASS 8 audits – Mandates
- Limited Assurance Reports (LARs)
- Reasonable Assurance Reports (RARs)
The FCA’s proposed addition to their rules, CASS 15, will extend the safeguarding audit requirements to cover e-money institutions (EMIs). We can apply our years of experience working with and auditing FCA-regulated businesses to ensure that your business is compliant.
By working closely with regulatory advisers and solicitors who also specialise in financial services and CASS rules, we’ll give you extensive support throughout your fintech’s journey.
Our in-house CASS audit experts will reduce the stress around regulatory compliance, freeing you to focus on innovating, helping your customers and securing your business’s future.