1. A fund administrator and a global custodian are appointed separately. Which task belongs to the administrator?
Tab 6 · Week 1
Skill Validation
Week 1 validation — investment lifecycle, private markets and insurance bases
Pass mark70%Format5 recall · 2 written / scenarioTarget time20–30 minutes
Recall and concept checks
2. What is the main operational tension when private markets are added to a daily-dealt DC default fund?
3. In this platform's insurance stream, 'SAP' refers to:
4. Shortened settlement cycles most directly pressure which EMEA operational activity?
5. Accounting mismatch in an insurer arises primarily because:
Executive written responses
Executive explanation (150 words): a client asks why your firm should be trusted with private-markets administration when a cheaper competitor exists. Answer in commercial language.
Scenario: a stale price causes a 12bps NAV overstatement across three dealing days. Set out your first five actions as CAO, in order.