Firms have nine months until the rules come into force on May 7, 2026.
Chloe Arnold-Martin, Ocorian
Both sets of regulations aim to mitigate the loss of client money and assets through segregation.
Pushing forward with remediation should now be a priority for CASS personnel.
The FCA is aiming to remove ambiguity around safeguarding processes and better align them with the Client Asset Sourcebook.
Using prudent segregation, and what industry challenges lie ahead.