Ass Man Code quiz procedures, employees, appointed, understood

pawn

Which of the following is not a requiement of the compliance procedures recommended in the Asset Manager Code?

Possible answers:

A: All employees must sign an annual statement acknowledging that they have not breached any compliance procedures.
B: The appointed compliance officer should conduct regular reviews with employees to ensure compliance procedures are understood.
C: Reviews should be made to ensure that there is no front running occuring.
D: Independent verification of information sent to clients should be carried out.

bboo

love the names of these quizzes. reminds me of Kramer on Seinfeld. i guess A



Edited 1 time(s). Last edit at Thursday, May 12, 2011 at 09:28AM by SkipE99.

wake2000

I'm going to go w/ C.

Seems a bit specific

cityboy

The answer is: A

The nearest the Code gets to this issue is to state that consideration should be given asking employees to sign a statement acknowledging they have received a copy of the Code and have complied with it. There is no requirement asking for annual statements.

Windjammer

Damn, guessed D.

NO EXCUSES

mik82

Was btwn A & D. Guessed D =(

thommo77

Found it -- D.3

Ensure that portfolio information provided to clients by the Manager is
accurate and complete and arrange for independent third-party confirmation
or review of such information.