UK:
Outsourcing By UK-Based Fund Managers: Identifying And Applying The Rules
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UK-based fund managers must comply with increasingly complex,
and ever-changing regulation. The regulatory structure covers
overarching principles of business and detailed regulation. Some
requirements stem from European directives and regulations and
others are home-grown. The exact extent of the applicable rules
depends largely on the precise activities of the firm. Outsourcing
receives specific regulatory attention.
In this article, we look at the regulatory structure that
applies when fund managers look to outsource processes (such as
investment operations, fund administration, transfer agency or
corporate actions relating to instruments held). We consider the EU
and UK legislative framework, look at recent developments, and
offer outline guidance on how to negotiate outsourcing
agreements.
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