CF10A

IMPORTANT: CASS changed quite a bit after MiFID II. This resource therefore may well be out of date, even if it was accurate once, which it might not have been. This is an article about the FCA’s custody and client money rules — client assets — and is fondly known by its chapter in the FCA Sourcebook Template:Anatnavigation-cass

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The CF10A is that poor, sainted soul who is responsible in your organisation for its compliance with the FCA’s CASS client money and client asset rules. such a person, if not of a naturally anxious or timid disposition, will rapidly become so upon realising the hellish job of managing this regulatory risk, and the potentially personal liability that attaches to any screw-ups.

After the head of the documentation unit, the CF10A is next-least coveted position in the organisation