ACI
3I0-012 · Question #668
Which of the following is not in the Model Code?
The correct answer is B. There is no need to inform new counterparties and clients that conversations will be recorded. See the full explanation below for the reasoning.
Question
Which of the following is not in the Model Code?
Options
- ABanks and brokers should record, by tapes or other such means, conversations between dealing counterparties.
- BThere is no need to inform new counterparties and clients that conversations will be recorded.
- COn completion of recordings, tapes should be kept for a period sufficient to enable the details of any transaction
- DThe storage of recorded tapes should be strictly managed to prevent their contents from being tampered with.
How the community answered
(21 responses)- A5% (1)
- B76% (16)
- C14% (3)
- D5% (1)
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