CFA一級(jí)知識(shí)點(diǎn)Ethics 部分總結(jié)
Ethics 部分
Objective of codes and standard：永遠(yuǎn)是為了maintain publictrust in
1.      Financial market
2.      Investment profession
6個(gè)code of ethics
1.      Code 1—ethics and pertinent dpersons
2.      Code 2---primacy of client’sinterest
a.      Integrity with investmentprofession
b.     客戶利益高于自身利益
3.      Code 3---reasonable andindependent
a.      必須注意reasonable care
b.     必須exercise independent professional judgment---必須獨(dú)立判斷！
4.      Code 4---ethical culture in theprofession
a.      不但自己要practice，而且要鼓勵(lì)別人practice—不僅僅是自己一個(gè)人去做，要所有人共同去做
5.     Code 5---ethnical culture inthe capital market!
a.     促進(jìn)整個(gè)capital market的integrity，推廣其相關(guān)法規(guī)---增強(qiáng)公眾對(duì)資本市場的trust！
b.     Capital market是基于
i.     Fairly pricing of risky assets；
ii.     Investors‘ confidence
6.      有關(guān)competence—能力---competence
7個(gè)standard of professional conduct
1.     Standard 1---professionalism---knowledgeof law
a.     不需要成為法律專家，但是必須understand和comply with applicable law；
b.     當(dāng)兩個(gè)law發(fā)生conflict，則要遵守更加嚴(yán)格的法律！
c.      Knowingly---know or should know
d.     必須attempt to stop the violation， 如果不能stop， then must dissociatefrom the violation！必須從其中分離出去!
i.     Remove name from the writtenreport;
ii.     Ask for a different assignment
e.     并不要求向有關(guān)部門report?。╠o not require）
f.       向CFA 進(jìn)行書面報(bào)告report--encouraged to so
2.     Standard 1 ---professionalism---integrity of capital market
a.     Bias from client or othergroups—listed company，controlling shareholder！
b.     Bias from sell side analyst
c.     Buyer side client—
d.     Issuer paid report---只能接受flat feefor their work
3.      Standard  1 ---professionalism---misinterpretation—不能誤導(dǎo)客戶， 不能剽竊其他人的研究成果