Related provisions for MCOB 2.5.3
1 - 20 of 42 items.
It is the responsibility of a mortgage intermediary to ensure compliance with MCOB 5.4.3 R. However, where a firm can show that it was reasonable for it to rely on information provided to it by another person, other than the mortgage lender, that an illustration was within the tolerances described in MCOB 5.4.3 R, he may be able to rely on MCOB 2.5.2 R, if this turns out not to be the case.
(1) Any information which a rule in MCOB requires to be sent to a customer may be sent to another person on the instruction of the customer, so long as the recipient is not connected with the firm. (2) There is no need for a firm to send information to a customer where it has taken reasonable steps to establish that this has been or will be supplied by another person.
3Where the authorised fund manager of a UCITS scheme which is a feeder UCITS is notified of any change in respect of its master UCITS which has the effect of a change to the feeder UCITS, the authorised fund manager must:(1) classify it as a fundamental change, significant change or a notifiable change to the feeder UCITS in accordance with the rules in this section; and(2) (a) for a fundamental change, obtain approval from the unitholders by way of an extraordinary resolution;(b)
(1) The authorised fund manager must make and retain for six years such records as enable:(a) the scheme and the authorised fund manager to comply with the rules in this sourcebook and the OEIC Regulations; and(b) it to demonstrate at any time that such compliance has been achieved.(2) The authorised fund manager must make and retain for six years a daily record of the units in the scheme held, acquired or disposed of by the authorised fund manager, including the classes of such