Ace the Canadian Securities Course 2025 - Rock the CSC Practice Exam!

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Question: 1 / 400

What functions are usually handled by the middle office in financial institutions?

Settlements and clearing

Portfolio management and trading

Compliance, accounting, audits, and legal

The middle office in financial institutions is responsible for overseeing compliance, accounting, audits, and legal operations. Options A, B, and D are incorrect because they are typically handled by the front office (trading and sales) and back office (settlements and clearing) functions in financial institutions. The middle office focuses on ensuring that the organization follows laws and regulations, maintains accurate financial records, and conducts internal and external audits to ensure proper risk management and legal compliance. Additionally, the middle office is responsible for managing the organization's data and analytics, which help inform decision-making processes for trading and portfolio management in the front office. Therefore, option C is the most appropriate answer as it accurately reflects the primary functions of the middle office in financial institutions.

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Marketing and sales

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