Isn’t choice A of this question is also accurate? The wording is almost exactly the same as the text. IMO there both A and C are correct?
Answer A might not be most accurate. As per the discussion portion, it mentions that the asset level might drop below the min level due to volatility, thus it is recommended to have a policy to identify when to remove the portfolio from composite, rather than set it as a “hard-coded” rule to remove the portfolio from composite the moment it falls below the min level.
ah, I think it is the word “initial” in choice A that invalidate it as correct answer.