Answer: Procedures

**Explanation:** In an Investment Policy Statement (IPS), the **Procedures** section typically outlines the administrative and operational processes, including how the IPS will be reviewed and updated to remain current. This section addresses: 1. **Review frequency** - How often the IPS will be reviewed 2. **Update procedures** - Steps to modify the IPS when circumstances change 3. **Communication protocols** - How changes will be communicated to stakeholders 4. **Documentation requirements** - Record-keeping for IPS revisions The other sections have different primary functions: - **Investment Guidelines**: Specifies investment constraints, restrictions, and permitted asset classes - **Statement of Duties and Responsibilities**: Defines roles and responsibilities of various parties (client, advisor, custodian, etc.) Therefore, the Procedures section is the most appropriate for explaining steps to keep the IPS current.

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