Explanation:
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.
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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.