A CIC manages a pension fund and also has a 15% ownership stake in a real estate firm they are considering recommending to the fund. This situation requires:
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A
No special action since pension funds are exempt from conflict-of-interest rules
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B
Full disclosure of the ownership stake to the pension fund's trustees before making any recommendation
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C
Disclosure only if the investment generates a profit
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D
Recusal from all real estate investment decisions permanently