What are the two parts described in Schedule Y?

• A. Part 1: Organizational chart; Part 2: Summary of the transactions
• B. Part 1: Financial statements; Part 2: Tax filings
• C. Part 1: Audit reports; Part 2: Compliance records
• D. Part 1: Risk assessments; Part 2: Capital adequacy

Answer: (A)

Schedule Y is set up to give readers a quick view of governance and activity. The first part, an organizational chart, shows who runs the organization and how the different parts relate, so you can understand reporting lines, ownership, and oversight. The second part, a summary of the transactions, provides a high-level picture of what financial moves occurred, highlighting major transfers and activities that shape the period’s results. Together, they give a clear sense of who is in charge and what happened financially, which helps assess control, relationships, and material items. Other pairings would focus on financial statements, tax filings, audits, compliance, or risk metrics, which don’t align with the purpose of presenting structure followed by activity in this schedule.