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QUESTION: 336 Topic: 4, Volume D

What needs to be done in the event that a trade is amended by one or both parties?

A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.
The amending party should verbally inform the other party.
A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.
A new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties.

Answer(s): C

QUESTION: 337 Topic: 4, Volume D

Management has a specific responsibility to issue guidelines to staff on transacting after-hours and off-premises. Which of the following does the Model Code suggest?

Dealing should only be allowed during normal trading hours.
It is not recommended that an unofficial close of business be specified for each trading day.
There should be clear written guidelines regarding the limit and type of deals that are permitted after normal hours or off-premises.
All after-hours and off-premises transactions must be dealt exclusively with the dealer’s personal mobile phones

Answer(s): C

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