Where dealing through an intermediary with an unidentified principal, the Model Code recommends:

Question

Options

• AIt is good practice for compliance, legal or credit functions to identity counterparties before the execution
• BManagement should have in place a clearwritten policy and procedures governing such transactions.
• CManagement needs to be aware of the risks involved, particularly with respect to credit exposure and money
• DAll of the above.

• A
  16% (9)
• B
  4% (2)
• C
  9% (5)
• D
  72% (41)

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