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CASS RP

Your Client Assets Resolution Pack: When Seconds Matter, Be Ready

The Client Assets Resolution Pack (CASS RP) is your firm’s regulatory “black box” — a critical collection of information that enables administrators to identify and return client money and assets promptly and efficiently in the event of a firm failure.

Under CASS 10, FCA-regulated firms holding client money or custody assets must maintain, review, and be able to deliver a complete and up-to-date CASS RP to the FCA and insolvency practitioners within 48 hours of request.

At CMAC, we provide practical guidance, tools, and templates to help you meet this obligation with confidence and clarity — not just for compliance, but for client protection.

📘 What Is the CASS RP?

The CASS Resolution Pack is a structured collection of documents, records, and data that provides:

  • A clear trail of where client money and assets are held

  • Details of the firm’s internal CASS controls and systems

  • Information that enables a rapid return of client property

💡 Key Requirement: The pack must be readily retrievable, regularly reviewed, and reflect the current state of operations and accounts.

🔗 FCA Handbook CASS 10 – View Full Rules →

🧭 What Your CASS RP Must Contain

The CASS RP is made up of two core components:

1. CASS RP Main Contents

  • Client money bank account schedules

  • Custodian account schedules

  • Acknowledgement letters

  • Client money calculation and reconciliation methodology

  • Governance structure and roles (e.g. CF10a, committees)

2. CASS RP Daily Extracts

  • Daily client money and custody asset balances

  • Outstanding reconciliation breaks

  • Up-to-date lists of client money and custody accounts

  • Breach logs (including open issues)

📄 [Download Sample CASS RP Contents Checklist →] (Download link)

⚙️ Best Practice for Building and Maintaining a CASS RP

1. CASS RP Mapping & Ownership

  • Assign named owners for each document and data set

  • Maintain a register of document locations, versions, and access paths

  • Ensure retrieval tests are conducted regularly

📋 [CASS RP Responsibility Map Template →] (Download link)

2. Daily Extract Automation

  • Integrate RP daily extracts with internal CASS dashboards or MI tools

  • Build alerts for stale data or failed extract processes

🛠️ [Template: Daily RP Extract Tracker →] (Download link)

3. Periodic Review & Retrieval Testing

  • Review the pack every six months (or more frequently if required)

  • Simulate retrieval exercises with internal audit or governance teams

  • Record lessons learned and improvements

🧪 [RP Review Log Template →] (Download link)

🚨 What Happens If Your RP Fails in Practice?

Firms that fail to maintain or retrieve their CASS RP on request may face:

  • Enforcement action

  • Operational disruption

  • Delayed or failed return of client property

  • Damage to reputation and client relationships

🔍 Real-world enforcement examples show that CASS RP failings are often process-based, not malicious — but the regulatory consequences are real.

📑 [Read Case Studies →] (Internal CMAC summary of key FCA enforcement cases)

❓ CASS RP FAQ – Your Common Questions Answered

Q: Does every firm with client assets need a full CASS RP?
Q: Can records be stored digitally or in cloud systems?
Q: What’s the difference between the RP and the CASS Mapping Document?

💬 [View Full CASS RP FAQ →] (Internal FAQ page)
📣 [Submit a Question to the Forum →] (Forum link or contact)

🧷 Essential Resources & Tools

🌐 CMAC Community: Share, Learn, Lead

How do you manage retrieval testing? What lessons has your firm learned from a mock RP exercise? Join the CMAC community to share knowledge and shape best practice.

🔐 [Join the CMAC Community →]
💌 [Subscribe for RP Compliance Alerts →]