The Model Code is clear on "position parking". What does it say?

Question

Options

• AThe parking of deals or positions with any counterparty is discouraged
• BThe parking of deals or positions with any counterparty should be forbidden
• CThe parking of deals or positions should be subject to a clear policy laid down in writing by senior management
• DIn jurisdictions where position parking is allowed, prior approval should be sought from the regulator

• A
  3% (1)
• B
  83% (33)
• C
  5% (2)
• D
  10% (4)

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