Question

What is the purpose of the Authority Matrix?

a.

To control access to financial data

b.

To document all suggestions and directives of fund managers

c.

To facilitate communication between Front Office and Back Office

d.

To outline the investment policy

Answer: (b).To document all suggestions and directives of fund managers Explanation:The investment department is required to document all suggestions and directives of the fund managers and dealers through the Authority Matrix as a Standard Operating Procedure.

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Q. What is the purpose of the Authority Matrix?

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