The management of client money accounts in the UK changed with the publication of PS 14/9 by the FCA.
The rules in CASS 7 implemented new standards regarding the treatment of client money and all FCA regulated firms are now bound by them.
JCAP’s client money account service is designed to assist a regulated firm’s treasury team and CF 10a with their CASS 7 risk monitoring and reporting obligations.
It also helps to improve returns where possible through the negotiation of interest rates with existing counterparties and if applicable new counterparties.
Call or email us to find out more about how JCAP can help.