karoliukas

Which of the following procedures is NOT part of the Performance and Valuation section of the Code?

A) Having an independent third party value client accounts.

B) Implementing the Global Investment Performance Standards (GIPS®).

C) Performing stress testing on complex derivative products.

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The Performance and Valuation section of the Code deals with reporting the client’s and manager’s results in an accurate manner without misrepresentation. Stress testing falls under the section of the Code dealing with Investment Process and Actions.