31. Chartered administrators must avoid any situation likely to place them in a conflict of interest.
Without restricting the generality of the foregoing, chartered administrators are in a conflict of interest when
(1) the interests concerned are such that they might tend to favour certain interests over those of their client or where their judgment, objectivity, professional independence, integrity or loyalty towards the client might be unfavourably affected; or
(2) the circumstances offer them a direct or indirect, real or possible undue benefit.