Text for CQS CPMS Policy
CQS Policy: Breach of Undertakings
Purchase this policy: Risk Management Policy
- Change date
- 22/08/2023
- Word count
- 226
- Deployment measure
- 8/10
Rationale
Regulators are receiving an increasing amount of complaints about practices it regulates breaching undertakings. This is of significant concern to CQS and regulators.
When it comes to providing undertakings you must: 1. Ensure that an undertaking is given only by an authorised person within the firm or other member of staff with authority. 2. Ensure that all you are aware of the terms
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