Share on Twitter Share on LinkedIn Share via e-mail
Home About Contact Us



We use cookies, if you consent to this use, please continue to browse our site.



Client Money & Assets Returns (CMAR)

Both medium and large firms that fall under the Client Assets sourcebook (CASS) have to undertake a Client Money and Assets Return – also known as a CMAR – each month through the FCA’s GABRIEL reporting system.  

>> See more on CASS Firm Types - CASS Large Firms vs CASS Medium Firms <<

Client Reporting on GABRIEL

The FCA’s GABRIEL reporting system collects, validates and stores regulatory data and the CMAR report provides the regulator – the FCA - with a high level view of the firm’s CASS position. This includes the client money, client assets (safe custody assets), positions and holdings that a firm holds. In addition the CMAR return provides the FCA with the data required to ‘trend-spot’ for patterns within the industry and allows them to intervene should they feel it timely or necessary on either a firm-specific or thematic basis.

Reporting firms will receive emailed reminders for the CMAR GABRIEL reporting dates both eight and three days before submissions deadlines..

The Importance of CMAR:

And, the CMAR data is not only important to the regulator, but to the Board of those firms that must report.

For the firm, the data included within the Client Money and Assets Return will provide the Board with information so that they may understand their own CASS position better and it will also be of interest to those responsible for holding the controlled CASS oversight operation function (CF10a).

It should be noted that it is the responsibility of a firm’s CF10a to ensure the CMAR form is completed both fully and accurately and submitted by the FCA’s monthly submission deadline.

CMAR Submissions:

Firms that have to submit a CMAR must do so within 15 business days of the end date of the reporting period.

In addition, firms must only enter data from the reporting period end date – this being the first day of the next calendar month. So for example, firms needing to submit a June CMAR return can only enter data from the 1st July up until the submission deadline.

Who does CMAR not apply to?

Those firms that only hold client money for general insurance mediation activity (i.e. those for whom CASS 5 applies) will not have to undertake this particular return and will instead need to complete section C or a Retail Mediation Activities Return or the FSA039 return - dependent upon their permissions.

Related Reading: See also >> CMAR Questions

Client Money Support & Compliance Assistance

Compound Growth can assist firms of all sizes to ensure they have the necessary procedures in place to remain compliant with the regulator’s rules pertaining to client money and client assets as set out in the CASS Sourcebook.

In particular we can support your firm in establishing suitable accounting systems as well as developing client money policies in line with industry best practice and the FCA’s guidance.

If you would like to discuss client money or client assets further, please feel free to contact us or email

Client Money Segregation


What is Client Money?

Client Money News