# The Open-Ended Investment Companies Regulations 2001, Regulation 40: No duty to enquire as to capacity etc.


Subject to regulation 39(4)(b)(ii), a party to a transaction with an open-ended investment company is not bound to enquire—
(a) as to whether the transaction is permitted by these Regulations, FCA rules or the company’s instrument of incorporation; or
(b) as to any limitation on the powers referred to in regulation 39(1)(a) or (b).

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Source: https://www.legislation.gov.uk/uksi/2001/1228/regulation/40 (the official version)
Page: https://openlegislation.uk/open-ended-investment-companies-regulations-2001/regulation-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.