2.2 Our report (which is a ‘reasonable assurance’ report) considers whether:
• you maintained systems adequate to enable you to comply with the client money rules (and, if relevant, the mandate rules) throughout the period since the last date as at which a report was made;
• you complied with the client money rules (and, if relevant, the mandate rules) as at the period end date; and whether
• if applicable, you complied with the rules in CASS 5.6 in relation to the secondary pooling event during the period.
2.3 We are required to include in our draft report a schedule of all breaches of the CASS regulations which have come to our attention during the period. You are required by SUP 3.11 to provide us with an explanation of the circumstances that gave rise to each of these breaches, together with any remedial actions undertaken to correct them, for inclusion in our final report.
2.4 In connection with the duties above, we have a duty to carry out such investigations as we consider necessary to form an opinion on the above matters.
2.5 Our report is solely for use by the firm and, if requested, by the FCA. It is not intended for use by third parties such as your customers/potential customers or shareholders and the report shall not be provided by you to anyone other than the FCA.