White Paper

PS14/9 custody assets & client money: 1 December 2014 and beyond

Company: AutoRek

AutoRek case study

Category: Compliance

Published: 06 January 2015

Format:

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Overview

Following the publication on 10 June 2014 by the Financial Conduct Authority (FCA) of policy statement 14/9 (PS14/9), the second stage of the client assets (CASS) rules will come into force on 1 December 2014.

Many of the rules from 1 December 2014 have a 6 month transition period for existing relationships, and include rules that require repapering of client documentation.

This whitepaper highlights the key changes contained in PS14/9 for 1 December 2014 for both custody assets and client money, and looks ahead to 1 June 2015 when the final stages of the rules come into force.

 

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