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NEW QUESTION: 1
A. Option C
B. Option D
C. Option A
D. Option B
Answer: A
NEW QUESTION: 2
Hana XS engine use to run Analytical services is integrated in which part of SAP HANA appliance?
Please choose the correct answer. Response:
A. Application server
B. SAP Hana Database
C. None of the above
D. Web server
Answer: B
NEW QUESTION: 3
In order to comply with Standard IV (B.4), Priority of Transactions, firms should prepare and distribute to firm personnel a code of ethics and compliance procedures. The code and procedures should do all of the following, EXCEPT:
A. maintain a list of clients and their holdings.
B. establish reporting and prior-clearance requirements.
C. define personal transactions, investment and prohibited transactions.
D. limit the number of access persons.
E. contain disciplinary procedures.
F. consider special situations.
G. ensure that procedures will be enforced.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The question deals with the compliance procedures under Standard IV (B.4). Personal transactions must be defined to all employees. The number of access persons - those who have knowledge of pending or actual recommendations or action - should be limited, by implementing Fire Walls. A reporting system for all employees' personal transactions should be established, as well as procedures for special situations.
Authority should be given to a compliance officer to enforce the procedures, which should include disciplinary action. Maintaining lists of client holdings is NOT a compliance procedure under Standard IV (B.4), but Standard IV (B.3).