35. Chartered administrators may not act under such conditions that their objectivity, professional independence or integrity could be questioned. They shall at all times avoid any situation likely to place them in a conflict of interest.
In particular, without limiting the generality of the foregoing, chartered administrators are in a conflict of interest(1) when in such a situation that they might tend to favour certain interests over those of their client or where their judgment and loyalty towards the latter might be unfavourably affected; or
(2) when in such a situation that they could derive from it a direct or indirect, real or possible, personal benefit, in addition to the remuneration agreed upon.