Management Has a Specific Responsibility to Issue Guidelines to Staff

question 530

Multiple Choice

Management has a specific responsibility to issue guidelines to staff on transacting after-hours and off-premises. Which of the following does the Model Code suggest?

• A) Dealing should only be allowed during normal trading hours.
• B) It is not recommended that an unofficial close of business be specified for each trading day.
• C) There should be clear written guidelines regarding the limit and type of deals that are permitted after normal hours or off-premises.
• D) All after-hours and off-premises transactions must be dealt exclusively with the dealer's personal mobile phones

---

Definitions:

Incident Report

A detailed account of an unexpected event, such as an accident or security breach, documenting what happened, where, when, and who was involved.

Routine Reports

Reports that are generated at regular intervals to provide updates, summaries, or tracking of activities and performance.

Boilerplate

Boilerplate refers to standardized text, documents, or sections that can be reused in multiple contexts with minimal changes.

Status Report

A structured report that gives information about the progress, milestones, and other critical aspects of a project at a given point in time.