6th June 2006, 12:32 PM
Something that came up on another thread is the concept of 'responsible post holder', a member of the IFA who either runs or is in a position of responsibility within a company or other institution.
In the case of a non-RAO that is nonetheless run by a member of the IFA (I think that this is quite a common situation) that breaks the IFA rules, is the IFA member held accountable for this?
Obviously this has a bearing on the case that is under discussion here, but presumably might also apply in cases where an institution, eg, pretends to be an RAO, etc, etc.
I would guess that there are a lot of companies out there who are not RAOs, but nonetheless have members of the IFA in the senior positions since some curators seem to insist on this. Can't they be held accountable?
In the case of a non-RAO that is nonetheless run by a member of the IFA (I think that this is quite a common situation) that breaks the IFA rules, is the IFA member held accountable for this?
Obviously this has a bearing on the case that is under discussion here, but presumably might also apply in cases where an institution, eg, pretends to be an RAO, etc, etc.
I would guess that there are a lot of companies out there who are not RAOs, but nonetheless have members of the IFA in the senior positions since some curators seem to insist on this. Can't they be held accountable?