2019 Ethical and Professional Standards

Reading 1 Ethics and Trust in the Investment Profession.
Reading 2 Code of Ethics and Standards of Professional Conduct Standards of Practice Handbook, Eleventh Edition.
Reading 3 Guidance for Standards I–VII Standards of Practice Handbook, Eleventh Edition.
Reading 4 Introduction to the Global Investment Performance Standards (GIPS).
Reading 5 Global Investment Performance Standards (GIPS).

READING 1. ETHICS AND TRUST IN THE INVESTMENT PROFESSION

The candidate should be able to:
a explain ethics;
b describe the role of a code of ethics in defining a profession;
c identify challenges to ethical behavior;
d describe the need for high ethical standards in the investment industry;
e distinguish between ethical and legal standards;
f describe and apply a framework for ethical decision making.

READING 2. CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT

The candidate should be able to:
a describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards;
b state the six components of the Code of Ethics and the seven Standards of Professional Conduct;
c explain the ethical responsibilities required by the Code and Standards, including the sub-sections of each Standard.

READING 3. GUIDANCE FOR STANDARDS I–VII

The candidate should be able to:
a demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity;
b distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and Standards;
c recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.

READING 4. INTRODUCTION TO THE GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS ® )

The candidate should be able to:
a explain why the GIPS standards were created, what parties the GIPS standards
apply to, and who is served by the standards;
b explain the construction and purpose of composites in performance reporting;
c explain the requirements for verification.

READING 5. THE GIPS STANDARDS
The candidate should be able to:
a describe the key features of the GIPS standards and the fundamentals of compliance;
b describe the scope of the GIPS standards with respect to an investment firm's definition and historical performance record;
c explain how the GIPS standards are implemented in countries with existing standards for performance reporting and describe the appropriate response when the GIPS standards and local regulations conflict;
d describe the nine major sections of the GIPS standards.

本课程结合对往年考题的剖析，将书中繁杂的语句浓缩为若干考点，以考点解析为核心，通过考点+答题技巧+案例+真题的模式开展授课，最大程度地追求效率与实战化，确保考生在最短的时间内掌握课程的核心内容及最实用的解题方法，为渴望通过CFA考试的你保驾护航，全新打造，细致讲解，让占比颇重的Ethics不再失分。

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