Critical Concepts

Question 1

I

Answer 1

Professionalism

Question 2

IA

Answer 2

Knowledge of the Law

Question 3

IB

Answer 3

Independence and Objectivity

Question 4

IC

Answer 4

Misrepresentation

Question 5

ID

Answer 5

Misconduct

Question 6

II

Answer 6

Integrity of Capital Markets

Question 7

II A

Answer 7

Material Nonpublic Information

Question 8

II B

Answer 8

Market Manipulation

Question 9

III

Answer 9

Duties to Clients

Question 10

III A

Answer 10

Loyalty, Prudence, Care

Question 11

III B

Answer 11

Fair Dealing

Question 12

III C

Answer 12

Suitability

Question 13

III D

Answer 13

Performance Presentation

Question 14

III E

Answer 14

Preservation of Confidentiality

Question 15

IV

Answer 15

Duties to Employers

Question 16

IV A

Answer 16

Loyalty

Question 17

IV B

Answer 17

Additional Compensation Arrangements

Question 18

IV C

Answer 18

Responsibilities of Supervisors

Question 19

V

Answer 19

Investment Analysis, Recommendations, and Actions

Question 20

V A

Answer 20

Loyalty

Question 21

V B

Answer 21

Communication with clients and prospective clients

Question 22

V C

Answer 22

Record Retention

Question 23

VI

Answer 23

Conflicts of Interest

Question 24

VI

Answer 24

Conflicts of Interest

Question 25

VI A

Answer 25

Disclosure of Conflicts

Question 26

VI B

Answer 26

Priority of Transactions

Question 27

VI C

Answer 27

Referral Fees

Question 28

VII

Answer 28

Responsibilities as a CFA institute Member of CFA Candidate.

Question 29

VII A

Answer 29

Conduct as Members and Candidates in the CFA Program

Question 30

VII B

Answer 30

Reference to CFA Institute, the CFA Designation, and the CFA program.

Question 31

Compliance Statement, GIPS:

Answer 31

“[Insert Name of Firm] has prepared and presented this report in compliance with the Global Investment Performance Standards.” Compliance must be applied on a firm-wide basis.

Question 32

Nine Sections, GIPS:

Answer 32

Fundamentals of compliance, input data, calculation methodology, composite construction, disclosures, presentation and reporting, real estate, private equity, and wrap fee/separately managed account portfolios.