PRINTED BY: Gaurav Kumar <gauravdalpatyan@gmail.com>. Printing is for personal, private use only.

No part of this book may be reproduced or transmitted without publisher's prior

permission. Violators will be prosecuted.

Ethical and Professional Standards

© 2018 CFA Institute. All rights reserved.

Show/Hide Paragraph Numbers

STUDY SESSION

Study Session 1 Ethical and Professional Standards

TOPIC LEVEL LEARNING OUTCOME

The candidate should be able to explain the need for high ethical standards in the investment
industry and the ethical responsibilities required by the CFA Institute Code of Ethics and Standards
of Professional Conduct and to demonstrate the application of the Code and Standards. The
candidate should also be able to demonstrate an understanding of the Global Investment
Performance Standards. |
Trust in the investment profession is achieved only if those practicing within the industry adhere to
the highest levels of ethical conduct and behavior. The CFA Institute Code of Ethics and Standards
of Professional Conduct (Code and Standards) serve as the ethical foundation for the CFA Institute
self-regulatory program.

The Standards of Practice Handbook provides practical application of the Code and Standards by
explaining the purpose and scope of each standard, presenting recommended procedures for
compliance, and providing examples of each standard in practice.

The Global Investment Performance Standards (GIPS®) establish global standards for
performance reporting by investment managers. By providing a consistent set of standards and
methodology, GIPS facilitate the fair and accurate comparison of managers around the world,
while minimizing the potential for ambiguous or misleading performance reporting practices.

http://e.pub/mm1mzqdfg3rco8eqj9mb.vbk/OEBPS/CFA9019-T00-print-1540853747.... 30-10-2018