Institute of Asset Management - Standards & Publications

Standards & Publications

The IAM promoted the development of PAS 55 the developing standard for asset management and is currently coordinating its revision,

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    There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.
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