CFA Refresher Readings
Ethics and Professional Standards: Study Session 1
Study Session Materials
Complete List of CFA Program Readings
Topic Overview
Ethical and Professional Standards
The readings in this study session present a framework for ethical conduct in the investment profession by focusing on the CFA Institute Code of Ethics and Standards of Professional Conduct as well as the Global Investment Performance Standards (GIPS).
The principles and guidance presented in the CFA Institute Standards of Practice Handbook (SOPH) form the basis for the CFA Institute self-regulatory program to maintain the highest professional standards among investment practitioners. “Guidance” in the SOPH addresses the practical application of the Code of Ethics and Standards of Professional Conduct. The guidance reviews the purpose and scope of each standard, presents recommended procedures for compliance, and provides examples of the standard in practice.
The Global Investment Performance Standards (GIPS) facilitate efficient comparison of investment performance across investment managers and country borders by prescribing methodology and standards that are consistent with a clear and honest presentation of returns. Having a global standard for reporting investment performance minimizes the potential for ambiguous or misleading presentations.
View learning outcome statements (LOS) for readings objectives.
Complete List of CFA Program Readings
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“Code of Ethics and Standards of Professional
Conduct” Standards of Practice Handbook, 9th edition (CFA Institute, 2005) Free download (PDF) |
View LOS |
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“Guidance” for Standards I – VII Standards of Practice Handbook, 9th edition (CFA Institute, 2005) Free download (PDF) |
View LOS |
| Introduction to the Global Investment Performance Standards | |
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Global Investment Performance Standards (CFA Institute, 2005) Free download (PDF) |
View LOS |