RE: Good morning all27 Apr 2026 10:37
Well I followed it up and then got ignored which sums up GST tbf they were very general answers from Tim, once they become specific they ignore you again.
Dear Tim.
Again thank you for your prompt response and for the high-level assurances regarding Angra’s preparations for the new safeguarding regime.
However, with the 7 May 2026 deadline now only a matter of weeks away, I remain concerned that the responses provided are still somewhat general in nature.
I would be grateful for specific clarification on the following three key areas:
1. CASS Resolution Pack
Has the Angra Board formally approved and maintains a dedicated CASS Resolution Pack under CASS 10A that meets the specific document index and content requirements? Or is the firm currently relying primarily on a general Business Continuity Plan?
2. Safeguarding Audit Arrangements
For the 2026/27 period, can you confirm whether Angra’s external auditors have the necessary CASS-specific experience, permissions, and methodology in place to deliver the required annual safeguarding audit under the new SUP 3A framework?
3. Client Balance Data Export Capability
Although no major system upgrades were reportedly required for daily reconciliations, does Angra’s current platform support the automated extraction and production of individual client balance records in the precise format now expected for on-demand FCA inspection or resolution purposes
When will this be updated to reflect the new PS25 rules https://angrafx.com/assets/Security-and-Safeguarding.pdf
The Angra FX security and safeguarding document is not compliant with the new FCA safeguarding rules effective 7 May 2026, as it operates under the outdated PSD2/EMRs framework rather than the updated regime outlined in PS25/12. Specifically, the document fails to address the mandatory Resolution Pack (CASS 10A), more stringent CASS 15 daily reconciliation standards, and the required monthly regulatory returns
Given the proximity of the implementation date and the potential for increased supervisory scrutiny, enforcement action, or operational disruption in the event of any gaps, I believe clear confirmation on these technical milestones would provide significantly greater comfort to shareholders and the wider market than broad statements of readiness.
Thank you once again for your attention to this important matter.
Kind regards