Compound Growth Ltd 2016 -
UK BANK RING-
Published by HM Treasury, the Bank ring-
Following the global financial crisis that started in 2007 the Government developed legislation to fundamentally change how banks are run as well as strengthen the UK financial system. The Financial Services (Banking Reform) Act 2013 introduced the notion of ring-
In essence, the rules require that the largest UK banks must separate the provision of their core retail banking services from their other activities such as investment and international banking. The ring-
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 email@example.com.
The UK’s biggest banks must comply with all aspects of the ring-
1st January 2019
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