CASS Sch 2 Notification requirements

5CASS 1A.2.5 R

Election to be treated as a CASS medium firm or a CASS large firm

The fact of that election

The fact of that election

To be made at least one week before the election is intended to take effect

CASS 1A.2.8 R (1) - (3)

The highest total amount of client money and the highest total value of safe custody assets held by a firm, as more fully described in CASS 1A.2.8 R

The highest total amount of client money and safe custody assets held by a firm, as more fully described in CASS 1A.2.8 R.

The coming into force of CASS 1A.2.8 R

31 January 2011 unless contrary provision is made in CASS 1A.2.8 R.

CASS 1A.2.8 R (4)

A firm's ‘CASS firm type’ classification

A firm's ‘CASS firm type’ classification

The coming into force of CASS 1A.2.8 R

31 January 2011 unless contrary provision is made in CASS 1A.2.8 R.6

6CASS 1A.2.8A R

The highest total amount of client money and the highest total value of safe custody assets held by a CASS small firm, as more fully described in CASS 1A.2.8A R

The highest total amount of client money and the highest total value of safe custody assets held by a CASS small firm, as more fully described in CASS 1A.2.8A R

The need to comply with CASS 1A.2.8A R

31 July 2011 unless contrary provision is made in CASS 1A.2.8A R

CASS 1A.2.9 R (1) - (3)

The highest total amount of client money and the highest total value of safe custody assets held by a firm, as more fully described in CASS 1A.2.9 R

The highest total amount of client money and safe custody assets held by a firm, as more fully described in CASS 1A.2.9 R.

The need to comply with CASS 1A.2.9 R (1)- (3)

Within 15 business days from the end of December of the previous calendar year unless contrary provision is made in CASS 1A.2.9 R

CASS 1A.2.9 R (4)

A firm's ‘CASS firm type’ classification

A firm's ‘CASS firm type’ classification

The need to comply with CASS 1A.2.9 R (4)

Within 15 business days from the end of December of the previous calendar year unless contrary provision is made in CASS 1A.2.9 R

CASS 1A.3.2 R

The person to whom the responsibilities in CASS 1A.3.1 R have been allocated

The name of the person

Upon allocation

Until 31 January 2011

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CASS 5.5.84 R2

Failure of bank, broker or settlement agent2

Full details including whether it intends to make good any shortfall that may have arisen in the amounts involved2

As soon as the firm becomes aware2

Immediately2

CASS 5.5.84 R2

Inability to perform the calculation required by CASS 5.5.84 R2

Inability to perform the calculation2

Inability to perform the calculation2

Immediately2

CASS 5.5.84 R2

Inability to make good any shortfall identified by CASS 5.5.84 R2

Inability to make good any shortfall in client money2

Inability to make good any shortfall2

Immediately2

CASS 5.5.84 R2

Inability to comply with the requirements in CASS 5.5.84 R; CASS 5.5.84 R; CASS 5.5.84 R; CASS 5.5.84 R; CASS 5.5.84 R2

Inability to comply with the requirements of the rules listed2

Inability to comply with the requirements of the rules listed2

As soon as reasonably practicable2

3CASS 6.5.13R (1)

Non-compliance or inability, in any material respect, to comply with the requirements in CASS 6.5.1 R (Records and accounts), CASS 6.5.2 R (Records and accounts, including internal reconciliations) or (Reconciliations with external records)

The fact that the firm has not complied or is unable, in any material respect, to comply with the requirements and the reasons for that

Non-compliance or inability, in any material respect, to comply with the requirements

Without delay

3CASS 6.5.13R (2)

Non-compliance or inability, in any material respect, to comply with the requirements in CASS 6.5.10 R (Reconciliation discrepancies)

The fact that the firm has not complied or is unable, in any material respect, to comply with the requirements and the reasons for that

Non-compliance or inability, in any material respect, to comply with the requirements

Without delay

4CASS 7.4.35 R

LME bond arrangements

Issue of an individual letter of credit issued by the firm

Upon issue of an individual letter of credit under an LME bond arrangement

Immediately

CASS 7.6.16R (1)3

Non-compliance or inability, in any material respect, to comply with the requirements in CASS 7.6.1R (Records and accounts), CASS 7.6.2R (Records and accounts, including internal reconciliations) or CASS 7.6.9R (Reconciliations with external records)

The fact that the firm has not complied or is unable, in any material respect, to comply with the requirements and the reasons for that

Non-compliance or inability, in any material respect, to comply with the requirements

Without delay

CASS 7.6.16R (2)3

Non-compliance or inability, in any material respect, to comply with the requirements in CASS 7.6.13R to CASS 7.6.15R (Reconciliation discrepancies)

The fact that the firm has not complied or is unable, in any material respect, to comply with the requirements and the reasons for that

Non-compliance or inability, in any material respect, to comply with the requirements

Without delay

CASS 7A.3.19R (1)4

Failure of a third party with which money is held – i.e.: bank, intermediate broker, settlement agent or OTC counterparty or other entity with which it has placed or to which it has passed client money

Full details

Firm becomes aware of the failure of the entity

As soon as the firm becomes aware

CASS 7A.3.19R (2)4

Failure of a third party with which money is held – i.e.: bank, intermediate broker, settlement agent or OTC counterparty or other entity with which it has placed or to which it has passed client money

Intentions regarding making good any shortfall that has arisen or may arise, and of the amounts involved

Failure of third party with which client money is held

As soon as reasonably practical7

7CASS 10.1.16 R

If a firm has not complied with, or is unable to comply with, CASS 10.1.3 R

The fact of that firm's non-compliance or inability to comply with the rule in CASS 10.1.3 R

Non-compliance or inability to comply with CASS 10.1.3 R

Immediately (as per CASS 10.1.16 R)