The Investment Association (IA) has updated its template Investment Management Agreement (IMA) to reflect new MiFID II requirements, which came into force on 3 January 2018.
The changes to the IMA - used by the IA's investment manager membership as their standard relationship document for institutional clients - are the first since it was last updated in 2013. MiFID II blog: All the latest news and analysis as industry adapts to new regulations An IA spokesperson said the updated document is specifically designed for new clients and ensuring new manager-investor relationships are up to MiFID II standards. The IMA is a formal arrangement between an investment manager and a client, which stipulates the terms under which the manager is authorised to act o...
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