# The Alternative Investment Fund Managers Regulations 2013, Regulation 28: Liability following delegation under Article 20 of the directive


(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—
(a) the delegation of functions by the AIFM to a third party (“a delegate”);
(b) any sub-delegation of such functions by the delegate to another person (“a sub-delegate”); or
(c) any further sub-delegation of such functions by a sub-delegate.
(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.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111540206/regulation/28 (the official version)
Page: https://openlegislation.uk/draft-alternative-investment-fund-managers-regulations-2013/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.