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Code of Ethics and Standards of Professional Conduct

The benchmark for professional conduct for investment professionals around the globe. As a CFA Institute member, CFA Program candidate, or CIPM Program candidate, you are required to follow the CFA Institute Code of Ethics and Standards of Professional Conduct (Code and Standards).
Collaboration

Consultation Paper for the Code of Ethics and Standards of Professional Conduct

CFA Institute is considering updating the Code of Ethics and Standards of Professional Conduct. The Consultation Paper describes these potential changes and provided an opportunity for the public to share their feedback with us. The deadline for providing comments was 8 July 2022.

Code and Standards and Interpretive Guidance

Tools and Resources

The following resources assist Members to understand and apply the Code of Ethics and Standards of Professional Conduct.
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    Translations

    The Code and Standards have been translated into more than 20 languages.

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    Helpdesk

    Questions? Email us.

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    Learn more about the Professional Conduct Program

    To protect the integrity of CFA Institute membership, designations, and exam programs, CFA Institute upholds the Code and Standards, all exam rules and regulations, and the CFA Institute Bylaws through enforcement by the Professional Conduct Program.

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    Report misconduct

    You can help protect the integrity of CFA Institute membership and designations by reporting conduct that does not meet our standards.

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    Why Ethics Matter to the Investment Industry

    Read why ethics matter to the investment industry.