The Unibanco Letters - Dual-Hatting Regulations and Global Enforcement

UK Law: Delegation by UK-Authorized Firms to Overseas Firms (Cont.) - The AIFM is able to demonstrate that: - - - The delegate is qualified and capable of undertaking the functions in question The delegate was selected with all due care The AIFM can monitor the delegated activity effectively at any time, give further instructions to the delegate at any time, and withdraw the delegation with immediate effect in the interests of investors Morgan Lewis 79

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