Page 13 - FINAL CFA II SLIDES JUNE 2019 DAY 1

LOS 1b: Explain the ethical responsibilities READINGS 1 AND 2: CFA INSTITUTE CODE OF ETHICS AND STANDARDS OF
required by the Code and Standards, including the PROFESSIONAL CONDUCT GUIDANCE FOR STANDARDS I–VII
sub-sections of each Standard.

VI. CONFLICTS OF INTEREST

A. Disclosure of Conflicts: Especially on matters that could impair your independence and objectivity or interfere with
your duties to clients, prospective clients, and employer. Must be prominent, in plain language, and relevant.
B. Priority of Transactions: Investment transactions for clients and employers must have priority over any for which
you are beneficiary!
C. Referral Fees: Disclose as appropriate, any compensation, consideration, or benefit received from, or paid to,
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others for the recommendation of products or services.

VII. RESPONSIBILITIES AS A CFA INSTITUTE MEMBER OR CFA CANDIDATE

A. Conduct as Participants in CFA Institute Programs: Must not engage in any conduct that compromises the
reputation or integrity of CFA Institute, its related programs or the CFA designation.

B. Reference to CFA Institute, the CFA Designation, and the CFA Program: Must not misrepresent or exaggerate the
meaning or implications of membership in CFA Institute, holding the CFA designation, or candidacy in the CFA Program.