AIMA

Client Assets, UK

CASS is the FSA’s Client Assets sourcebook, the section of the FSA Handbook that sets out rules to provide regulatory protection for client money and assets. There has been a number of consultations on proposed amendments to CASS, to which AIMA has responded.

Relevant documents

FSA Handbook - CASS

Credit Ratings

AIMA submission - proposal for a Directive in respect of the excessive reliance on credit ratings (April 2012)

Resolution of Financial Institutions

Valuation for Collective Investment Schemes

On 16 February 2012, the Technical Committee of the International Organization of Securities Commissions (IOSCO) published a consultation report on Principles for the Valuation of Collective Investment Schemes. The aim of this consultation is to outline principles against which both the industry and regulators can assess the quality of regulation and industry practices concerning collective investment schemes valuation, thereby ensuring that investors are treated fairly. Responses to the consultation are invited by 18 May 2012.

Relevant documents

IOSCO consultation: Principles for the Valuation of Collective Investment Schemes (February 2012)