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Client Money and Assets (CASS) - CISI

Overview

Client Money and Assets is a unit available as part of the Chartered Institute for Securities & Investments (CISI's) globally recognised Investment Operations Certificate (IOC) which has more than 12,000 exams taken annually worldwide.

The exam has been developed in response to requests from within the industry and to address the increased focus from the FCA on this area including the new rules which have been introduced.

It will give those developing a career in this area the knowledge and expertise they need to excel in their role and progress in their career.

Professionals working in this area must have a knowledge of the concepts and processes surrounding client assets as well as how they must be protected under the FCA’s Client Assets (CASS) regime.

This unit has been designed and developed by senior industry practitioners to ensure it equips individuals with this knowledge.

 

Please note individual sessions are not available. Our CISI courses are designed specifically for firms with more than 5 staff that require training for a CISI qualification. Sessions are delivered live (virtually or in-person) where we walk your group through the key learning points in the chosen CISI qualification and prepare participants for the exam through plenty of practice questions and mock exams.

Who is this for?

This unit has been designed to provide professionals with the technical knowledge necessary to succeed in this evolving area and is particularly relevant for practitioners who have been working in client assets or a related area for up to 18 months.

This CISI unit has been developed to suit:

  • Overseers of client money teams
  • Compliance Officers whose remit includes client money responsibilities
  • Individuals engaged in client money and assets administration

Course Details

Fundamentals of Client Money and Assets

  • Fundamentals of Client Money and Assets
  • Legal Contracts and Relationships
  • Looking after Assets for Clients

Regulatory Structures

  • The Financial Conduct Authority and its Rules
  • FCA Authorisation and Permitted Business
  • Roles and Responsibilities
  • International Considerations

Client Money Fundamentals (CASS 7)

  • Segregation of Client Money
  • Client Bank Accounts
  • Client Transaction Accounts
  • ‘The Alternative Approach’ to Client Money Segregation
  • Other Money Segregated as Client Money
  • Exemptions

Controls over Client Money (CASS 7)

  • Controls over the Selection of a Bank
  • Client Money Books and Records
  • CASS 7 Reconciliations
  • The Standard Methods of Client Money Reconciliation

Safe Custody Fundamentals (CASS 6)

  • Segregation of Safe Custody Assets
  • Depositing Assets with Third Parties
  • Exemptions
  • Types of Securities Interest

Controls over Safe Custody Assets (CASS 6)

  • Custody Books and Records
  • CASS 6 Reconciliations and Record Checks

Governance and Oversight

  • Organisational Arrangements
  • CASS Oversight within a Regulated Firm
  • Corporate Governance Arrangements
  • The CASS Audit and Assurance Standard

When Problems Arise….

  • Financial Services Compensation Scheme (FSCS)
  • Client Money Distribution and Transfer (CASS 7a)
  • CASS Resolution Pack (CASS 10)
  • Consequences of Regulatory Failure

The Client

  • Client Types and CASS Exemptions
  • Mandates (CASS 8)
  • Client Reporting (CASS 9)
  • Client Relationships, Contracts and Agreements

Workbook

CISI Exam Details

1 Hour multiple choice computer based test
Questions: 50
Pass Mark: 70%

CISI Workbook & Exam Fees

International
Exam & Workbook £231.00
+£40.00 CISI registration for new students

UK
Exam £142.00
Workbook £99.00
Exam, Workbook and eLearning package £257.00
+£66.00 CISI registration for new students

Recommended minimum study time: 80 hours

To order your workbook and book your exam, visit the CISI's online Booking Portal

Delivery

Have the flexibility to deliver your In-House training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.

One of our CISI expert trainers will guide participants through the syllabus in a structured, engaging and interactive manner.

Practice tests and mock exams

Our training sessions commence with a ‘kick-off’ test, testing the participants on their existing capabilities, and finish with a ‘progress’ test assessing their progress on the topics.

Participants are also provided with chapter-by-chapter practice questions and a mock exam that simulates the real CISI examination.

These tools provide valuable feedback and facilitate monitoring to track the participants’ performance throughout the study programme. They are vital in effectively preparing participants for success in their CISI exam.

Find out more about your Virtual or In-Person training experience below.

Virtual Delivery

Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:

  • Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
  • Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
  • Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
  • Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.

Additional Benefits:

  • Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.

  • On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.

 

In-Person Delivery

Our in-person training is delivered face to face at your offices, and includes:

  • ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
  • Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
  • Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.
"Our course was very well received based on feedback from attendees. It was informative, relevant to our entities and delivered in a very engaging manner."
Life Finance Senior Risk Manager, Life and pensions company
Client Money and Assets (CASS) - CISI
hourglass
Duration
1 Day
location
Delivery
In-House

Related Courses

Client Money and Assets (CASS) Workshop
Introduction to CASS eLearning
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