CF10a

People Anatomy™ A spotter’s guide to the men and women of finance. Go Premium A CASS officer’s ceremonial Mithril garb. Index: Click ᐅ to expand: Archetypes Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

The person at a CASS large firm (such as a custodian or prime broker) designated with responsibility for the CASS operational oversight function (known colloquially as the firm’s “CF10a”). This person is likely to be of a nervous disposition, even if she wasn’t before she became the firm’s CF10a. It’s an infectious kind of nervousness. You get to wear a cloak of mithril, made ourt of client money, but it doesn’t protect you if the FCA wants to take your house away because, through an entirely uncalled-for documentation audit, you have discovered that some clot in Poland forgot to do a prime brokerage disclosure annex in 2014, and you felt you had no choice but to report it.

For more information see the FCA handbook: SUP Chapter 10A.9R.