Chartered Financial Analyst Level 1
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Which of the following procedures is recommended for compliance with the Standard on Suitability?
A
Procedure 1 only, which involves reviewing an investor's objectives and constraints annually unless circumstances necessitate more frequent reviews.
B
Procedure 2 only, which requires considering performance measurement benchmarks when formulating an investment policy statement.
C
Both Procedure 1 and Procedure 2, as both are necessary for full compliance with the Standard on Suitability.