Review of CASS and Lehman client money litigation The FSA considers that a comprehensive review of CASS will be necessary to ensure that it continues to provide the required degree of client protection and market certainty. However, a thorough review, in particular of CASS 7, will only be conducted following the final determination of the Lehman Client Money hearing which may be subject to appeal to the Supreme Court and potentially to the European Court of Justice. Please see our previous article on the Lehman client money appeal judgment.

This article was first published on on 31 January 2011.