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The Trust Administrative Committee is responsible for all of these except:

a. Perform or review annual investment reviews
b. Approve discretionary distributions
c. The acceptance of new accounts in compliance
d. Review administrative policies and procedures

User ValRob
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1 Answer

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Final answer:

The Trust Administrative Committee is not responsible for the acceptance of new accounts in compliance; this task is often managed by other departments within the trust. Hence, option (c) is correct.

Step-by-step explanation:

The Trust Administrative Committee is responsible for a range of activities related to the management and administration of a trust. However, they are typically not responsible for the acceptance of new accounts in compliance. This task is usually handled by the trust's front office or new accounts department, rather than its administrative committee.

The committee's duties often include performing or reviewing annual investment reviews, approving discretionary distributions, and reviewing administrative policies and procedures to ensure that the trust is managed effectively and in accordance with all relevant laws and regulations. Therefore the correct answer would be option (c).

User Technoh
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