This page is for you if you are an investment management and securities & futures firm and want to find out more about how the FSA regulates you and what's going on in your sector.

The Noticeboard

MiFID

For information on MiFID and CRD consultation papers, have a look at pages 8-10 of the Joint Implementation Plan [PDF]. You may also visit the MiFID wepages or read our one minute guide.

Client assets

The protection of client money and custody assets (client assets) is a regulatory priority.  We have observed that the standard of Client Asset Sourcebook (CASS) compliance at many firms is too low. With UK firms responsible for trillions of pounds of client assets this poses unacceptable risks. Our response to the financial crisis and the issues it uncovered to the protection of client assets was to change part of our operating model and increase the level of resource devoted to it.  

In 2010, we established the Client Asset Unit to drive our specialist and intensive supervision of client assets. The Unit was specifically created to promote confidence in the regulatory regime and ensure that client assets were protected.

For further information please visit the client assets section - (www.fsa.gov.uk/clientassets)