Article 321-102 into force since 03 January 2018

Asset management companies shall demonstrate all the necessary skill, caution and diligence when entering into, managing and terminating agreements with third parties in connection with risk management activities. Before entering into such agreements, asset management companies shall take the necessary measures to ensure that the third party has the necessary skills and capabilities to carry on its risk management activity reliably, professionally and effectively.

Asset management companies shall establish methods for continuous assessment of the quality of the services supplied by third parties.