$1$ points

QUESTION $8$

Derek is a member of the Financial Planning Institute $($FPI$),$ and is a Certified Financial Planner$($B$).$ His colleague, Peter, is also an FPI member but not a Certified Financial Planner$($B$).$ Derek becomes aware that Peter has not managed his conflicts of interest with clients for several years, as prescribed in the Code of Ethics and Practice Standards Incorporating the FPI Rules of Professional Conduct $($the Code$).$ Which of the following statements is correct?

$($i$)$ The Code applies to Peter, even though he is not a Certified Financial Planner $.$

$($ii$)$ Peter has drafted and implemented financial plans for these people but has not concluded service$-$level agreements with them. Therefore, they are not considered to be his clients.

$($iii$)$ Derek has ah obligation to report to the FPI that Peter has not managed his conflicts of interest, in terms of the Code.

$($i$)$

$($i$)$ and $($ii$)$

$($i$)$ and $($iii$)$

$($i$),($ii$)$ and $($iii$)$

None of the above options