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1 points QUESTION 8 Derek is a member of the Financial Planning Institute ( FPI ) , and is a Certified Financial Planner ( B
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QUESTION
Derek is a member of the Financial Planning Institute FPI and is a Certified Financial PlannerB His colleague, Peter, is also an FPI member but not a Certified Financial PlannerB 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 servicelevel 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
iii and iii
None of the above options
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