This guide explains the requirements for insurance intermediaries operating a CASS 5 non-statutory trust (NST). It focuses on the separate auditor confirmation letter required under CASS 5.4.4R, the systems and controls firms need to manage client money and additional credit risk, and the auditor’s assessment of those arrangements. It also covers governance responsibilities, capital and client-consent requirements, when the confirmation should be obtained and refreshed, and common weaknesses - particularly inadequate credit control, unclear accountability and poor documentation.

This guide explains how Terms of Business Agreements (TOBAs) support insurance intermediaries’ compliance with the FCA’s CASS 5 client money rules.

This guide considers some of the areas CASS auditors may wish to consider when assessing the process of breach remediation for insurance intermediaries with CASS 5 permissions.

This helpsheet considers some of the areas that regulated firms and their CASS auditors may wish to consider when assessing the appropriateness of a firms CASS Governance framework. In particular this helpsheet considers CASS Governance for insurance intermediaries with CASS 5 permissions.

This helpsheets provides firms the discretion on whether to pay a client any interest earned on client money balances. How much of the interest that is earned and paid over to the client is subject to a written agreement between the firm and the client.

ICAEW has created an e-money helpsheet to help businesses and their advisers understand whether such accounts are appropriate for their needs.

Information for CASS auditors when determining procedures over outsourcing arrangements and how they apply to the CASS rules.