FSA reform of client assets regime (2008-11): thematic work and rules changes

Resource type: Practice note

Status: Law stated as at 20-Jan-2012

Jurisdiction: United Kingdom

This note outlines the work of the FSA, from 2008-2011, to strengthen its client assets requirements in response to the issues highlighted by the financial crisis and the collapse of Lehman Brothers International (Europe) (LBIE).

The key primary source material table in this document contains links to key primary source material and related PLC Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials.

PLC Financial Services

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Resource information

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Resource ID: 6-501-9553
Law stated date: 20-Jan-2012
Products: PLC UK Financial Services

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Related content

Topics

Approved Persons RegimeApproved Persons Regime (http://commercial.p01del.practicallaw.com/9-201-5203)
Client Assets: Financial ServicesClient Assets: Financial Services (http://commercial.p01del.practicallaw.com/4-201-5205)
Investment FundsInvestment Funds (http://commercial.p01del.practicallaw.com/6-103-1352)

Practice note: overview

FSA priorities and key messages for firms for 2009/10 FSA priorities and key messages for firms for 2009/10 (http://uk.practicallaw.com/topic2-384-7641)
FSA priorities and key messages for firms for 2010/11: FSA's Financial Risk Outlook 2010 and Business Plan 2010/11 FSA priorities and key messages for firms for 2010/11: FSA's Financial Risk Outlook 2010 and Business Plan 2010/11 (http://uk.practicallaw.com/topic9-501-1758)
The future of financial services regulation and supervision: the Turner Review and DP09/2 The future of financial services regulation and supervision: the Turner Review and DP09/2 (http://uk.practicallaw.com/topic1-385-3388)

Practice notes

Client assets: FCA and FSA enforcement action Client assets: FCA and FSA enforcement action (http://uk.practicallaw.com/topic7-422-1669)
Client assets: mandates (superseded with effect from 1 January 2013) Client assets: mandates (superseded with effect from 1 January 2013) (http://uk.practicallaw.com/topic9-509-3810)
FCA client money rules: CASS 7 FCA client money rules: CASS 7 (http://uk.practicallaw.com/topic1-518-3744)
FSA's 2008 review of the Client Assets sourcebook FSA's 2008 review of the Client Assets sourcebook (http://uk.practicallaw.com/topic0-381-2732)
Historic client assets practice notes Historic client assets practice notes (http://uk.practicallaw.com/topic0-385-1083)
HM Treasury review of resolution arrangements for failing investment banks HM Treasury review of resolution arrangements for failing investment banks (http://uk.practicallaw.com/topic3-505-8334)
Lehman Brothers: client asset issues Lehman Brothers: client asset issues (http://uk.practicallaw.com/topic4-501-1727)
Prime brokerage rules: CASS 9 Prime brokerage rules: CASS 9 (http://uk.practicallaw.com/topic8-518-8446)

Checklist

Client assets checklist: common breaches by investment firms Client assets checklist: common breaches by investment firms (http://uk.practicallaw.com/topic9-522-5354)

Articles

Application of the FSA's client money rules in light of the Global Trader decision Application of the FSA's client money rules in light of the Global Trader decision (http://uk.practicallaw.com/topic7-386-3025)
Lehman: further twists in the road Lehman: further twists in the road (http://uk.practicallaw.com/topic8-422-4931)
New trends in prime brokerage in the UK New trends in prime brokerage in the UK (http://uk.practicallaw.com/topic7-500-6965)
The Lehman client money judgment: the Court of Appeal overturns key aspects of the High Court decision The Lehman client money judgment: the Court of Appeal overturns key aspects of the High Court decision (http://uk.practicallaw.com/topic5-503-0513)
The Lehman client money judgment: what does it mean for the client money rules The Lehman client money judgment: what does it mean for the client money rules (http://uk.practicallaw.com/topic4-501-4269)

FSA reform of client assets regime (2008-11): thematic work and rules changes

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