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Answer: Invest solely in accordance with the fund's specified mandate.
**Explanation:** According to **Standard III (C) Suitability**, members managing pooled assets (e.g., mutual funds) to a specific mandate are required to invest in a manner consistent with the stated mandate. However, they are **not** responsible for determining the suitability of the fund for individual investors purchasing shares. This responsibility lies only with members who have an advisory relationship with clients. Therefore, option **A** is correct, while options **B** and **C** are incorrect as they incorrectly attribute suitability assessment duties to fund managers.
Author: LeetQuiz Editorial Team
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According to the Standard relating to suitability, a member managing a mutual fund is required to:
A
Invest solely in accordance with the fund's specified mandate.
B
Assess the suitability of the fund for potential investors purchasing shares.
C
Both invest in line with the fund's mandate and evaluate its suitability for potential investors.
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