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Ring-fencing Rules: Which Services are Affected?

UK Bank Structural Reform is taking place right now in time for the January 2019 ring-fencing legislation deadline, but which bank services are affected?

The ring-fencing legislation requires that the largest UK banks ring-fence or legally separate their essential retail banking services from the rest of their banking group. These core services include:

- Accepting deposits or other payments into an account;

- Offering facilities for withdrawing money or making payments from an account; and

- The provision of overdraft facilities

See also:

What is Client Money?

What is Client Money?

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


Ring-Fencing Deadline

The UK’s biggest banks must comply with all aspects of the ring-fencing legislation by 2019.

1st January 2019

Client Money News

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