Financial Services and Markets Act 2000
2000 CHAPTER 8
Commentary on Sections
Part Xvii: Collective Investment Schemes
Chapter III: Authorised unit trust schemes
Section 253: Avoidance of exclusion clauses
478.As a result of this section, if a trust deed for an authorised unit trust scheme seeks to avoid the manager’s or trustee’s duty to exercise due care, the deed will be ineffective.
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