Client Assets and Client Money
Refreshed October 2025 | CPD time: 2 Hours
This module is intended to help you understand and apply the principles and rules associated with holding and protecting client assets, a term used interchangeably to refer to both safe custody assets (designated investments) and client money. It examines how a range of processes and controls must work together so that each firm can be confident that it has appropriately mitigated the risk of client assets being lost. While the Client Assets (CASS) Sourcebook rules are applicable to many types of firm, this module is aimed at the securities and investment industry, excluding firms operating under a Commodity Futures Trading Commission (CFTC) Part 30 exemption order, and does not cover insurance distribution or debt management (which are also covered by CASS).
1. Investment Risks
2. Key Elements for Protecting Client Assets
3. Client Money: Client Bank Accounts
4. Client Money Receipts
5. Client Money Reconciliations
6. Events that Impact Client Money
7. Client Safe Custody Assets
8. CASS Specifics
9. CASS Confidence
10. Client Assets and Client Money Around the World
Module Test