Q8. Establishing information barriers between departments would fall under which section of the Code?

A)   Investment Process and Actions.

B)   Trading.

C)   Compliance and Support.

Q9. Which of the following procedures relates specifically to maintaining the confidentiality of information under the Loyalty part of the Code?

A)   Maintaining records for an appropriate amount of time.

B)   Creating and implementing an anti-money laundering policy.

C)   Using reasonable care and prudent judgment when managing client accounts.

答案和详解如下：

Q8. Establishing information barriers between departments would fall under which section of the Code?

A)   Investment Process and Actions.

B)   Trading.

C)   Compliance and Support.

Correct answer is B)

Establishing information barriers falls under the Trading section of the Code and is meant to restrict the flow of material nonpublic information so as to limit the potential misuse of this information for insider trading.

Q9. Which of the following procedures relates specifically to maintaining the confidentiality of information under the Loyalty part of the Code?

A)   Maintaining records for an appropriate amount of time.

B)   Creating and implementing an anti-money laundering policy.

C)   Using reasonable care and prudent judgment when managing client accounts.

Correct answer is B)

Where appropriate, firms should implement an anti-money laundering policy which falls under the Loyalty to Clients section specifically related to preserving the confidentiality of client information. Developing a business continuity plan and maintaining records falls under the Compliance and Support section of the Code. Using reasonable care and prudence falls under the section of the Code dealing with Investment Process and Actions.