1. 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 prejudice the members of the fund to the Financial Sector Conduct Authority.
	b.	A board of trustees may appoint a deputy principal officer and delegate any of the *principal officers functions to that deputy principal officer.
	c.	If a principal officer is employed by a service provider of the fund, it constitutes a conflict of interest.
	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.
	e.	None of the above.