Related provisions for BIPRU 2.2.64

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

In relation to the issues identified in IFPRU 2.3.60 G, an asset manager should consider, for example: (1) the direct cost to it resulting from fraud or theft;(2) the direct cost arising from customers' claims and legal action in the future ? an asset manager could consider the impact on its financial position if a legal precedent were to encourage its customers to take legal action against it for failing to advise correctly on a certain type of product, the relevance of which