Prudent person principle

Discussion in 'SA2' started by Benjamin, Sep 14, 2017.

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  1. Benjamin

    Benjamin Member

    Hi,

    Ref: CMP, Ch12, p.3

    The core reading says that for non-linked assets, admissibility and exposure limits have been scrapped under SII and the PPP now applies instead.

    Page 4 then says "For unit-linked assets, the FCA’s permitted links rules remain in the UK" - do we need to know anything else about this?
    ( https://www.handbook.fca.org.uk/handbook/COBS/21.pdf )
     
  2. Em Francis

    Em Francis ActEd Tutor Staff Member

    Hi Ben
    You should have an awareness that they exist as it is mentioned in the Core Reading. It may therefore help to skim through COBS21 to see what is covered.
    However as the specifics are not in the Core Reading it is unlikely you would be expected to know the detail.
    Thanks
    Em
     

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