Ch 13 Ethics And Professionalism

Question 1

What does CFA Society South Africa promote

Answer 1

Ethical and professional standards within the investment industry and encourages development through the CFA programme and facilitates the open exchange of information and opinions

Question 2

Name some professional societies that have codes of conducts

Answer 2

Actuarial society of SA
Chartered financial analysts
Casualty Actuarial Society and the society of Actuaries
Institute and faculty of actuaries
Actuarial society of India
Institute of actuaries of Australia

Question 3

How does the actuarial society of SA operate

Answer 3

In order to become a fellow you have to pass or be exempted from all exams set by the society

Once a member you must follow code of conduct of the society

If you do not follow it you will be disciplined by the society

People looking to hire actuaries can check with the society whether they are actually members

Question 4

What are the core principles of the actauries code

Answer 4

Integrity
Competence and care
Impartiality
Compliance
Communication

Question 5

What does the code of ethics of the CFA institute state

Answer 5

Integrity
Competence
respect
Maintain and develop professional competence

Question 6

What do the standards of professional conduct cover

Answer 6

Professionalism and integrity in capital markets
Duties to clients and employers
Investment analysis and recommendations
Conflict of interest and responsibilities of CFA institute members and candidates