A parastatal organisation with a net asset value of R25 million, approached their bank, XYZ Bank for investment advice. XYZ Bank is an authorised user. In terms of the Code of Conduct, XYZ bank is obliged to: i. Do a needs analysis to establish which securities will suit the client. ii. Ensure that the client understands the advice and the risks involved. iii. Act with honesty and integrity. iv. Exercise independent professional judgement. (iii) and (iv) only (i), (ii) and (iii) only (i) and (ii) only (i), (iii) and (iv) only