Related provisions for BIPRU 2.2.61

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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

As an asset manager's mandates become more complex, the risk of it failing to comply fully with the terms of its contracts increases. In the event of such failure, a firm can be exposed to substantial losses resulting from customers' claims and legal actions. Although the appropriate regulator would expect an asset manager to have in place adequate controls to mitigate that risk, it may also like to consider the potential cost to it should customers claim that it has not adhered