{
  "url": "https://openlegislation.uk/draft-alternative-investment-fund-managers-regulations-2013/regulation-28",
  "json_url": "https://openlegislation.uk/draft-alternative-investment-fund-managers-regulations-2013/regulation-28.json",
  "legislation": "ukdsi/2013/9780111540206",
  "legislation_title": "The Alternative Investment Fund Managers Regulations 2013",
  "legislation_url": "https://openlegislation.uk/draft-alternative-investment-fund-managers-regulations-2013",
  "path": "regulation/28",
  "kind": "regulation",
  "number": "28",
  "heading": "Liability following delegation under Article 20 of the directive",
  "text": "(1) Irrespective of any contractual arrangements that provide otherwise, any liability of a full-scope UK AIFM to an AIF it manages, or to an investor of such an AIF, is not affected by—\n(a) the delegation of functions by the AIFM to a third party (“a delegate”);\n(b) any sub-delegation of such functions by the delegate to another person (“a sub-delegate”); or\n(c) any further sub-delegation of such functions by a sub-delegate.\n(2) A delegate or sub-delegate which has delegated or sub-delegated such functions must review on an ongoing basis the services provided by the person to whom functions have been delegated or sub-delegated.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111540206/regulation/28",
    "retrieved_at": "2026-10-30T14:49:44.041803+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}