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.

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.

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

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.