Code Of Ethics

Question 1

What is the Code of Ethics?

Answer 1

1. Set out the ethical standards that all CFA Institute members and CFA candidates (who take the exams) must follow.
2. It is the underlying philosophy of the Standards of Professional Conduct
3. There are six elements in the code of ethics

Question 2

The Standards of Professional Conduct promote fair and ethical behaviour and are organised into seven broad categories. What are these?

Answer 2

1. Professionalism
2. Integrity of capital markets
3. Duties to clients
4. Duties to employers
5. Investment analysis, recommendations and actions
6. Conflict of interest
7. Responsibilities as a CFA Institute member or a CFA candidate

Question 3

There are six elements in the code of ethics what is the first one?

Answer 3

Act with integrity, competence, diligence, respect and in an ethical manner with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets

Question 4

There are six elements in the code of ethics what is the second one?

Answer 4

Place the integrity of the investment profession and the interest of clients above their own personal interests

Question 5

There are six elements in the code of ethics what is the third one?

Answer 5

Use reasonable care and exercise independent professional judgement when conducting investment analysis, making investment recommendations, taking investment actions, and engaging in other professional activities

Question 6

There are six elements in the code of ethics what is the fourth one?

Answer 6

Practice and encourage others to practice, in a professional and ethical manner that will reflect creditably on themselves and the professionals

Question 7

There are six elements in the code of ethics what is the fifth one?

Answer 7

Promote the integrity and viability of the global capital markets for the ultimate benefit of society

Question 8

Six element elements in the code of ethics. what is the sixth one?

Answer 8

Maintain and improve their financial competence and strive to maintain and improve the competence of other investment professionals