Module: | HFT Presumptive List & RBI Powers
Q15: If a bank believes an instrument on the presumptive HFT list should not be classified as HFT, it can simply document the reason internally and proceed with a different classification.
✅ Correct Answer: B
This statement is false.
If a bank wishes to deviate from the presumptive list, it must submit a formal request to the Department of Regulation, RBI, and receive explicit approval.
Internal documentation alone is insufficient, a critical procedural detail in Investment Classification MCQs.
If a bank wishes to deviate from the presumptive list, it must submit a formal request to the Department of Regulation, RBI, and receive explicit approval.
Internal documentation alone is insufficient, a critical procedural detail in Investment Classification MCQs.