CISI Transfer Agency Practice Questions - CISI Transfer Agency Administration And Oversight (IOC Unit) Exam

A transfer agency operates a 'pooled' nominee custody model. What does this mean for the investments it holds?

Each investor's assets are held in a separate, individually designated account Investments are registered directly in each investor's own name Assets of multiple investors are held together in one nominee account with the TA maintaining underlying records Assets are held by the depositary outside any nominee arrangement

Correct Answer:

Assets of multiple investors are held together in one nominee account with the TA maintaining underlying records

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