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QUESTION #4 - INVESTMENT POLICY STATEMENTS (12 Marks) REQUIRED: In your own words, explain the purpose of an Investment Policy Statement (IPS). (3 Marks) What

QUESTION #4 - INVESTMENT POLICY STATEMENTS (12 Marks)

REQUIRED:

In your own words, explain the purpose of an Investment Policy Statement (IPS). (3 Marks)
What information should be included in the IPS? List 3 items.(3 Marks)
Explain three (3) differences between an IPS and the Know Your Client Form. (6 Marks)

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