What is the Master's overall responsibility regarding the safety management of a commercial yacht under the REG Yacht Code, even where a full ISM Code (as applied to large merchant ships) may not apply in identical form?

A. ISM-equivalent obligations apply only to yachts over 3000GT

B. Safety management responsibility rests solely with the owner, not the Master, on a private commercial yacht

C. The Master remains ultimately accountable for the safe operation of the vessel and the welfare of crew and any passengers, and the yacht must still operate to a documented safety management standard appropriate to its size/type, even if not the full SOLAS-scale ISM Code

D. No safety management documentation or accountability framework applies to yachts, regardless of size

A. A code that replaced the Merchant Shipping (Load Line) Regulations in their entirety

B. A brand new code with no relationship to any previous yacht-specific regulation

C. A code that applies only to yachts under 24 metres

D. A single combined code replacing the Large Yacht Code (LY3) and the Passenger Yacht Code (PYC), now issued as MSN 1895 (M) with REG Part A and Part B respectively

A. Only yachts carrying more than 12 passengers

B. Yachts of 24 metres load line length and over, in commercial use for sport or pleasure, that do not carry cargo and carry no more than 12 passengers

C. All vessels of any length used for any commercial purpose

D. Only yachts under 24 metres in length