$1.$ The ACE Pension Fund$$s investment policy statement contains the following provisions:

i$.$ Invest $30\%$ of the Fund$$s total assets in a money market account with one of the four major banks in South Africa.

ii$.$ Review the investment strategy whenever the profile of the fund changes, but at least once every $12$ months.

iii. Allow investment in cryptocurrencies, limited to $2,5\%,$ but only for members who have accredited financial advisers.

iv$.$ Invest $40\%$ in infrastructure, preferably government projects.

v$.$ If the prescribed assets limits are exceeded because of market fluctuations, the Fund must ensure that the exposure is corrected to be within those limits within $18$ months. If not, it must be reported to the FSCA at the end of the $19$th

month.

Which of these provisions are not compliant with legislation? Choose the correct

option.

ii$,$ iii, iv and v$.$

i$,$ iii and v$.$

i$,$ iii and iv$.$

ii and iv$.$

None of the above.