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

Question

Quizplus · Accepted Answer

The Model Code suggests that there should be clear written guidelines regarding the limit and type of deals that are permitted after normal hours or off-premises. Option A is not feasible for many businesses since clients may not be available during normal trading hours. Option B is not recommended as it can lead to confusion among staff members. Option D is not practical as it can create issues with record-keeping and compliance.

Management Has a Specific Responsibility to Issue Guidelines to Staff