Describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards;
State the six components of the Code of Ethics and the seven Standards of Professional Conduct;
Explain the ethical responsibilities required by the Code and Standards, including the sub-sections of each Standard.
Level 2 Reading 1
Describe the six components of the Code of Ethics and the seven Standards of Professional Conduct;
Explain the ethical responsibilities required of CFA Institute members and Candidates in the CFA Program by the Code of Standards.
Level 1 Reading 3
Demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity;
Distinguish between conduct that conforms to the code and Standards and conduct that violates the Code and Standards;
Recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.
Level 2 Reading 2
Demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations;
Recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.
Level 2 Reading 3 (not appeared in Level 1)
Explain the objectives of the Research Objectivity Standards;
Evaluate company policies and practices related to research objectivity, and distinguish between changes required and changes recommended for compliance with the Research Objectivity Standards.
由此可见,一级道德和二级道德的在Code of Ethics和Standards部分的阅读要求是一样的,只是LOS有略微变化,对理解和应用的考察标准提高了。另外,二级道德新增了一些Standards,包括Soft Dollar Standard和Research Objectivity Standard。