Chapter 20: Investment Industry Documentation

Question 1

____ are pre-established. They are crafted for a range of specific purposes.

Answer 1

Standardised documents

Question 2

A relationship that permits the service provider to act on behalf of the client

Answer 2

Discretionary relationships

Question 3

A relationship that permits the service provider to undertake only specific tasks that are authorized by the client on a per task basis

Answer 3

Non-discretionary relationship

Question 4

Describes principles of action adopted by a company. They are typically driven from the top down, with rules cascading down through the various business units and functional areas of the company.

Answer 4

Policy document

Question 5

Describes the individual steps the company must take, from start to finish, to achieve a desired outcome.

Answer 5

Process document