Read the Code of Ethics and Standards of Professional Conduct effective 1 January 2024.

Please see the interpretive guidance provided for the new and revised Standards. These standards became effective 1 January 2024. 
Standard I (E) Competence
Standard V (B) Communication with Clients and Prospective Clients
Standard VI (A) Avoid or Disclose Conflicts

We are in the process of updating the Guidance for the Code and Standards webpages to reflect the changes made with the 2024 update.

 Contains the current version of the Code and Standards and the guidance that supports the changes. You can find the PDF of the prior version, 11th edition of the Standards of Practice Handbook, here. The 12th edition of the Standards of Practice Handbook is available for purchase on Amazon.  

Test your application of the Code and Standards with short cases based on real-world scenarios.

On 24 October CFA Institute hosted a webinar which provided an overview of the changes to the CFA Institute Code of Ethics and Standards of Professional Conduct. These changes apply for all charterholders, CFA Institute members, and candidates in the CFA Program, effective 1 January 2024. You may view the recording of the webinar along with the accompanying slide deck. Q&As from the webinar can be found here.

Questions? Email us.

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.

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

Read why ethics matter to the investment industry.