Question
Which of the following statements relating to a principal officer are incorrect? a. A principal officer has a legal duty to report anything that may
- Which of the following statements relating to a principal officer are incorrect?
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| a. | A principal officer has a legal duty to report anything that may prejudice the members of the fund to the Financial Sector Conduct Authority. |
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| b. | A board of trustees may appoint a deputy principal officer and delegate any of the *principal officers functions to that deputy principal officer. |
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| c. | If a principal officer is employed by a service provider of the fund, it constitutes a conflict of interest. |
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| d. | The Financial Sector Conduct Authority may object to the appointment of a principal officer under certain specified circumstances, in which case the board of trustees must terminate that principal officers appointment. |
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| e. | None of the above. |
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