E 19.1: Code and Standards

In general terms, what are the main points of the code of ethics?

• Act in an ethical manner

• Integrity is paramount, and clients always come first

• Use reasonable care; be independent

• Be a credit to the investment profession

• Uphold capital market rules and regulation for ultimate benefit of society

• Be competent

The Standards of Professional Conduct

1. Professionalism

2. Integrity of Capital Markets

3. Duties to Clients

4. Duties to Employers

5. Investment Analysis, Recommendations, and Actions

6. Conflicts of Interest

7. Responsibilities as a CFA Institute Member or CFA Candidate

Professionalism:

Integrity of capital markets:

Duties to clients

Duties to employers

Investment analysis, recommendations, and actions

Conflicts of interest

Responsibilities as a CFA Institute Member or CFA Candidate