Where the matter of dealing for personal account is concerned, the Model Code recommends that
A) Subject to local legal requirements, this matter is one for bank management to decide.
B) Bank management should encourage such activities because it allows banks to monitor the gambling habits of their staff.
C) Where this is allowed, bank management should have a clearly defined policy and written procedures.
D) Bank management should allow staff to deal for their personal account on a case to case basis.

Question

Quizplus · Accepted Answer

The Model Code recommends that where staff is allowed to deal for their personal account, bank management should have a clearly defined policy and written procedures in place. This ensures that staff are aware of the rules and regulations to be followed when carrying out such activities.

Where the Matter of Dealing for Personal Account Is Concerned