The FCA Client Money Rules for General Insurance: Complying with CASS 5

Wednesday, 08 May 2024
12:00 pm – 1:00 pm (UK time)
    • Jim Dart Chartered MCSI, Int.Adv.Cert(RegComp), MICA, Managing Director, dart COMPLIANCE LIMITED

Jim Dart is a career insurance professional, having spent more than 46 years as a broker, an underwriter in the Lloyd’s market, part of a composite insurer’s claims team and, for the past 20+ years, in regulatory compliance, where he is Managing Director of dart Compliance, a specialist General InsurSurveyance compliance consultancy.

He is a Chartered member of the CISI and holds the International Advanced Certificate in Regulatory Compliance from the International Compliance Association (ICA).

Content & Learning: Bullet points setting out the areas you will be covering:

  • Identifying whether firms operate under CASS 5.2, 5.3 or 5.4 or a hybrid model
  • How to correctly complete the RMAR Section C Client money return
  • The client money calculation requirements
  • Actions which could inadvertently affect the trust status of the accounts


  1. Understand the differences between Client Money and Risk Transfer funds
  2. Be able to identify common TOBA errors which make Risk Transfer ‘conditional’
  3. Be aware of the FCA requirement to segregate and Statutory and Non-Statutory Trust accounts
  4. Examine the method, aims and outcomes for the Client Money Calculation
  5. Know the criteria triggering annual Client Money Audits

Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Luton and Hertfordshire, which is acting as the host institute for this event.

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at