Section 253: Avoidance of exclusion clauses.

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Financial Services and Markets Act 2000
- Section 252A: Proposal to convert to a non-feeder UCITS
- Section 254: Revocation of authorisation order otherwise than by consent.

Part XVII: Collective Investment Schemes — Chapter III: Authorised Unit Trust Schemes

Any provision of the trust deed of an authorised unit trust scheme is void in so far as it would have the effect of exempting the manager or trustee from liability for any failure to exercise due care and diligence in the discharge of his functions in respect of the scheme.

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