2.) Which of the principles in Akinyi's Recommendation 1 is least likely sufficient to meet
the principles of the Asset Manager Code of Professional Conduct?
A. Principle 3
B. Principle 2
C. Principle 1
Answer = A
"Asset Manager Code of Professional Conduct," by Kurt Schacht, Jonathan J. Stokes, and
Glenn Doggett
Appendix, Recommendations and Guidance, Section 6; Section E: Performance and
Valuation
Although it is true that managers are recommended to provide performance data on a
timely basis, they also have the responsibility to present performance information that
is fair, accurate, relevant, and complete. Given this requirement, it may not always be
possible to provide this information to clients within three days, particularly in
complicated scenarios.
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