Which of the following is not in the Model Code?
A) Banks and brokers should record, by tapes or other such means, conversations between dealing counterparties.
B) There is no need to inform new counterparties and clients that conversations will be recorded.
C) On completion of recordings, tapes should be kept for a period sufficient to enable the details of any transaction contained therein to be confirmed.
D) The storage of recorded tapes should be strictly managed to prevent their contents from being tampered with.

Question

Quizplus · Accepted Answer

The Model Code does not provide guidance on whether or not counterparties and clients should be informed of the recording of conversations. It is up to individual firms to have their own policies and procedures in place regarding this issue.

Which of the Following Is Not in the Model Code