Compound Growth Ltd 2016 -
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CLIENT MONEY
WHICH BANKS ARE AFFECTED?
Ring-fencing Rules: Which Banks are Affected?
Aimed at the six biggest lenders within the UK, the ring-
Banks have already started making structural reform changes to incorporate the ring-
See also:
- Client Money & Ring-
Fencing: What you must do - UK Bank Ring-
Fencing Legislation - Why ring-
fence? - Which services are affected by ring-
fencing in banks?
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 enquiries@compoundgrowth.co.uk.
Ring-Fencing Deadline
The UK’s biggest banks must comply with all aspects of the ring-
1st January 2019
Useful Reading & Links:
- The Financial Services (Banking Reform) Act 2013
- The Financial Services and Markets Act 2000 (Ring-
fenced Bodies and Core Activities) Order 2014 - The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014
- The Financial Services and Markets Act 2000 (Banking Reform) (Pensions) Regulations 2015
- Financial Services and Markets Act 2000 (Ring-
fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2016 - Background to Structural Reform, PRA