Code & Standards

Question 1

Ethics component 1

Answer 1

Act with integrity, competence, diligence, and respect and in an ethical manner
with the public, clients, prospective clients, employers, employees, colleagues in
the investment profession, and other participants in the global capital markets.

Question 2

Ethics component 2

Answer 2

Place the integrity of the investment profession and the interests of clients above
their own personal interests.

Question 3

Ethics component 3

Answer 3

Use reasonable care and exercise independent, professional judgment when
conducting investment analysis, making investment recommendations, taking
investment actions, and engaging in other professional activities.

Question 4

Ethics component 4

Answer 4

Practice and encourage others to practice in a professional and ethical manner
that will reflect credit on themselves and the profession.

Question 5

Ethics component 5

Answer 5

Promote the integrity and viability of the global capital markets for the ultimate
benefit of society

Question 6

Ethics component 6

Answer 6

Maintain and improve their professional competence and strive to maintain and
improve the competence of other investment professionals.

Question 7

What are the 4 steps within the ethical decision-making framework?

Answer 7

1. Identify: Relevant facts, stakeholders and duties owed, ethical principles,
   conflicts of interest.
2. Consider: Situational influences, additional guidance, alternative actions.
3. Decide and act.
4. Reflect: Was the outcome as anticipated? Why or why not?