Text for CQS CPMS Policy
CQS Policy: Redemption Statement Procedure - update
Purchase this policy: Dealing with Lenders Policy
- Change date
- 11/05/2026
- Word count
- 310
- Deployment measure
- 7/10
Rationale
Integrating these updates aligns your firm with CPMS 5.12, directly addressing failures highlighted by the Legal Ombudsman regarding incorrect fund distributions. Adopting this wording mitigates indemnity risks through mandatory 48-hour verification windows and rigorous evidence-based discharge monitoring.
**Requesting the Statement** To request a redemption statement, identify the lender’s preferred platform and log into the relevant system (Lender Exchange or LMS). If the lender does not utilize these
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