Commentary on Clauses Part IV: Agents, Nominees and Custodians Section 13: Linked functions etc.
Section 13 relates to specific duties or restrictions attached to a function delegated to an agent. That agent is to be subject to the same requirements. For example, if investment functions are delegated to an agent, then that agent will be obliged to have regard to the standard investment criteria laid down in section 4. He may also be required to obtain and consider proper advice in accordance with section 5 – although the usual expectation might be that the chosen agent in that situation would himself be a person reasonably qualified to advise.