The Client Money and Asset Return (CMAR): Operational Implementation
10 February 2011
The Financial Services Authority (FSA) has published a Consultation Paper entitled, "The Client Money and Asset Return (CMAR), Operational Implementation".
The protection of a firm's client assets is an integral supervisory priority for the FSA. The CMAR will give an overview of firm-specific client asset positions and holdings in order to facilitate increased FSA regulatory interventions.
The FSA intend to issue a related Policy Statement in May 2011, with the final rules coming into force on 1 June 2011.