Current Affairs · Banking and Finance
A bank offering Portfolio Management Services (PMS) to its clients is primarily required to maintain the clients' securities in a separate account to ensure:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Lower brokerage and transactional charges for the bank
- 2Easier transfer of securities to offshore jurisdictions
- 3Transparency, segregation of client assets, and protection against the bank's own insolvency✓
- 4The bank can use the securities for its own proprietary trading
Correct answer
Transparency, segregation of client assets, and protection against the bank's own insolvency
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