🔥 Daily ChallengeCIREMarket integrity, trade execution and settlementMedium
When a supervisor at an Investment Dealer receives an internal gatekeeper report, what standard must they apply to their subsequent evaluation of the reported activity?
3 attempts · 100% correct
They must diligently conduct a review in accordance with the firm's policiesCorrect
They must immediately notify the Market Regulator before reviewing the activity
They must outsource the review to an independent third-party auditor
They must perform a cursory scan of the account's historical trading
Why
Rule 10.16(2) requires the supervisor or compliance department to 'diligently conduct a review' following policies adopted under Rule 7.1.
