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Cfa Level 1 Ethics

The document outlines the structure and process for enforcing the CFA Institute's Code of Ethics and Standards of Professional Conduct. The Professional Conduct Program investigates potential violations that are identified through several channels, including self-disclosure, complaints, and exam violation reports. If a violation is found, the Designated Officer proposes a sanction which the accused can either accept or request a hearing to challenge. The hearing panel makes the final determination. The Code of Ethics contains six principles of ethical behavior, while the Standards of Professional Conduct covers seven broad areas including professionalism, duties to clients and employers, and conflicts of interest.

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Surendra Pandey
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829 vues6 pages

Cfa Level 1 Ethics

The document outlines the structure and process for enforcing the CFA Institute's Code of Ethics and Standards of Professional Conduct. The Professional Conduct Program investigates potential violations that are identified through several channels, including self-disclosure, complaints, and exam violation reports. If a violation is found, the Designated Officer proposes a sanction which the accused can either accept or request a hearing to challenge. The hearing panel makes the final determination. The Code of Ethics contains six principles of ethical behavior, while the Standards of Professional Conduct covers seven broad areas including professionalism, duties to clients and employers, and conflicts of interest.

Transféré par

Surendra Pandey
Copyright
© © All Rights Reserved
Nous prenons très au sérieux les droits relatifs au contenu. Si vous pensez qu’il s’agit de votre contenu, signalez une atteinte au droit d’auteur ici.
Formats disponibles
Téléchargez aux formats PDF, TXT ou lisez en ligne sur Scribd
  • Introduction
  • CFA Institute Program Structure
  • PCP Enforcement Process
  • Enforcement Process Details
  • Code of Ethics
  • Standards of Professional Conduct

Code of Ethics and Standards

of Professional Conduct
Ethics:FRA:
SS SS
1,
1
9,Reading
Reading 30

IMS Proschool | [Link]

Structure of the CFA Institute Professional Conduct


Program (PCP)

Board of Governors

Professional Conduct Program (a


Designated Officer usually proposes
the sanction)

Disciplinary Review Committee


(hearing panel)

Both are responsible for the enforcement of the Code of Ethics and
Standards of Professional Conduct through the Rules of Procedure!

IMS Proschool | [Link]

Inquiries that Initiate the PCP Enforcement Process


Self-disclosure: all members and candidates must
disclose all matters that question their professional
conduct on an annual basis.
Written complaints: any complaints by third parties
received by the Professional Conduct staff.

Public awareness: Questionable conduct may be


displayed through the media or another public source.
Exam violation reports: Examination proctors submit
reports for candidates suspected of unethical behavior
during the CFA exam.
IMS Proschool | [Link]

Enforcement Process for the Code


and Standards
Inquiry Initiated

PCP formally
conducts
Investigation

Designated Officer
concludes inquiry

The conclusion can result in a cautionary letter or no sanction being issued.


Only if the Designated Officer finds that a violation of the Code and Standards
occurred, then the process continues as follows below:
Designated
Officer proposes
sanction

Candidate chooses
to accept or reject
sanction

Hearing panel
determines if
violation occurred
occurred

If the candidate rejects the officers proposed sanction, then the hearing
panel must make the final decision!

IMS Proschool | [Link]

The Code of Ethics


Code of Ethics (six components that CFA members and candidates must know
and follow):
Act with integrity, competence, diligence, and respect with the public, clients,
employers, employees, and others.
Place the integrity of the investment profession and interests of clients above
their own personal interests.
Use reasonable care and exercise independent professional judgment when
conducting investment analysis, making recommendations, taking actions,
and engaging in other activities.
Practice and encourage others to practice in a professional and ethical
manner.
Promote the integrity of and uphold the rules governing capital markets.
Maintain and improve their professional competence and strive for the
competence of other investment professionals.

IMS Proschool | [Link]

Standards of Professional Conduct


The Standards of Professional Conduct can be divided into seven broad
provisions as follows:
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
Note: Each provision will be discussed in greater detail, including its application(s)
and sub-sections

IMS Proschool | [Link]

IMS Proschool | www.proschoolonline.com Code of Ethics and Standards of Professional Conduct FRA: SS – 9, Reading 30 Ethics:
Structure of the CFA Institute Professional Conduct Program (PCP) Board of Governors Professional Conduct Program (a Desig
Inquiries that Initiate the PCP Enforcement Process Self-disclosure: all members and candidates must disclose all matters th
Enforcement Process for the Code and Standards Inquiry Initiated PCP formally conducts Investigation Designated Officer c
The Code of Ethics Code of Ethics (six components that CFA members and candidates must know and follow): Act with integrit
Standards of Professional Conduct The Standards of Professional Conduct can be divided into seven broad provisions as foll

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