A designated Supervisor oversees 300 discretionary and managed derivatives accounts and is preparing the annual loss-limit approvals. What does the rule require?

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Accepted Answer

Rule 3962(3) requires the review of discretionary and managed accounts on a daily and monthly basis, and 3962(1)(i) requires loss limits to be approved when set annually or updated, taking previous losses into consideration.

A designated Supervisor oversees 300 discretionary and managed derivatives accounts and is preparing the annual loss-limit approvals. What does the rule require?

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