The CASS Resolution Pack
For firms holding client money and/or custody assets
The FSA’s Policy Statement (PS) 12/6, issued in March 2012, requires a firm to maintain, and be able to retrieve within a set time frame, a CASS Resolution Pack. This pack is a collection of documents and records, some of which were required previously by other Handbook rules, aimed at assisting an Insolvency Practitioner in returning client money and/or custody assets to clients in a timely manner. The rules issued in the PS will be inserted as a new chapter, CASS 10, in the Client Assets Sourcebook.
With implementation of a firm’s CASS Resolution Pack due by 1 October 2012 this bulletin reviews the key implications for in-scope firms and details the various documents which are required by firms to ensure compliance.
The CASS Resolution Pack (PDF)