Section 1 General principles

United Kingdom

1. 16General obligations of the FCA
2. 17Duty to act in the best interests of the AIF or the investors in the AIF and the integrity of the market
3. 18Due diligence
4. 19Due diligence when investing in assets of limited liquidity
5. 20Due diligence in the selection and appointment of counterparties and prime brokers
6. 21Acting honestly, fairly and with due skills
7. 22Resources
8. 23Fair treatment of investors in the AIF
9. 24Inducements
10. 25Effective employment of resources and procedures — handling of orders
11. 26Reporting obligations in respect of execution of subscription and redemption orders
12. 27Execution of decisions to deal on behalf of the managed AIF
13. 28Placing orders to deal on behalf of AIFs with other entities for execution
14. 29Aggregation and allocation of trading orders