Brief Intro to Ethics Yt 2

Question 1

What is Standard III A?

Answer 1

Loyalty, prudence, and care

Question 2

What is Standard III B?

Answer 2

Fair Dealing

Question 3

What is Standard III C?

Answer 3

Suitability

Question 4

What is point a of Standard III C 1?

Members in an advisory relationship with client

Answer 4

Make a reasonable inquiry into the client’s or prospective client’s
investment experience,
Risk and return objectives
And financial constraints

Prior to making any investment recommendations
Or investment actions

Must reassess and update regularly

Question 5

What is point b of Standard III C 1?

Members in an advisory relationship with client

Answer 5

Determine investment suitable to client's 
Fin. Situation
And consistent with their written
Objectives
Mandates
And constraints

Before making any investment action or recommendation

Question 6

What is point c of Standard III C 1?

Members in an advisory relationship with client

Answer 6

Judge the suitability of investments in context of client’s total portfolio

Question 7

What is point 2 of Standard III C?

Members in an advisory relationship with client

Answer 7

When resposible for managing a portfolio to specific mandate, strategy or style

Must ONLY make recommendations or investments consistent with
Stated objectives
Constraints
Of portfolio

Question 8

What is Standard III D?

Answer 8

Performance presentation

Question 9

What does Standard III D mean?

Answer 9

When communicating investment performance info, must make REASONABLE EFFORTS to ensure that it is
Fair
Accurate
Consistent

Question 10

What is Standard III E?

Answer 10

Preservation of confidentiality

Question 11

What does Standard III E mean?

Answer 11

Musr keep info about current, former and prospective clients confidential

Question 12

What are the exceptions to Standard III E?

Answer 12

1. Info is about illegal activities of client
2. Disclosure required by law
3. Client permits disclosure

Question 13

What does Standard IV?

Answer 13

Duties to employers

Question 14

What does Standard IV A?

Answer 14

Loyalty

Question 15

What does Standard IV A mean?

Answer 15

Must act for benefit of employer
Must not deprive employer of their skills
Must not divulge confidential info

Question 16

What is Standard IV B?

Answer 16

Additional compensation arrangements

Question 17

What does Standard IV B mean?

Answer 17

Must not accept gifts etc. That may cause conflict of interest UNLESS all parties agree

Question 18

What is Standard IV C?

Answer 18

Responsibilities of Supervisors

Question 19

What does Standard IV C mean?

Answer 19

Must make reasonable efforts to ensure anyone subject to their supervision or authority complies with applicable laws, rules, regulations and the Code of Standards

Question 20

What does Standard IV C mean?

Answer 20

Must make reasonable efforts to ensure anyone subject to their supervision or authority complies with applicable laws, rules, regulations and the Code of Standards

Question 21

What does Standard III B mean?

Slight slang here

Answer 21

Must deal fairly and objectively with all clients when doing the investing things

Question 22

What does Standard III A mean?

Answer 22

Dut