Franklin, T. Rowe Outline Derivatives Policies
Mutual fund firms that trade in derivatives should create separate derivatives committees, have a mechanism for identifying the risk of a particular derivative instrument and have regular educational meetings with the fund’s board of directors, according to senior legal and compliance officials at Franklin Templeton Investments and T. Rowe Price Associates.
Mutual fund firms that trade in derivatives should create separate derivatives committees, have a mechanism for identifying the risk of a particular derivative instrument and have regular educational meetings with the fund’s board of directors, according to senior legal and compliance officials at Franklin Templeton Investments and T.
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