A Decentralised FX Operation Is Where

A decentralised FX operation is where:

A) the control of Treasury policy development and FX trading is spread equally between the directors of the company.
B) Treasury policy and FX trading is spread between the divisions of the company.
C) Treasury policy development and FX trading is associated with several regional offices.
D) Treasury policy development is associated with the head office of the company, and FX trading is spread between several regional offices.