• We have updated our Privacy Policy (including our Cookies Policy). Please read them carefully. By using this website you are agreeing to the terms of our new Privacy Policy.

    Read the updated Privacy Policy.

Code of Ethics and Standards of Professional Conduct

Practicing our values

The Code of Ethics and Standards of Professional Conduct is the ethical benchmark for investment professionals around the globe.

Code of Ethics and Standards of Professional Conduct

View the code (PDF)


The CFA Institute Code of Ethics and Standards of Professional Conduct (Code and Standards) are fundamental to the values of CFA Institute and essential to achieving its mission to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.

As a CFA Institute member or CFA Program candidate, you are required to follow the Code and Standards.

What is Covered?

The Standards of Professional Conduct cover:
  • Professionalism and integrity of the capital markets
  • Duties to clients and employers
  • Investment analysis and recommendations
  • Conflicts of interest and your responsibilities 

How Can I Comply?

The Code of Ethics maintains that you must:

  • Place the integrity of the profession and the interests of clients above your own interests
  • Act with integrity, competence, and respect
  • Maintain and develop your professional competence


All of the following are PDF documents.

Arabic: ميثاق الأخلاق ومعايير السلوك المهني

Czech:Etický kodex a normy profesionálního chování organizace CFA Institute

Dutch: De Code ethiek en de Regels voor professioneel gedrag vormen het fundament van het CFA Instituut

Finnish: CFA Instituten Liiketapaohjeisto

French: e Code d’éthique et les Normes de conduite professionnelle du CFA Institute inc

German: Die Ethischen Grundsätze und Standesrichtlinien

Hungarian: A CFA Intézet etikai kódexe és a szakmától elvárt magatartás szabály

Italian: Il Codice etico e le Norme di condotta professionale

Japanese: CFA 協会倫理規範 および職業行為基準

Korean:  윤리강령 및  전문가 행위기준

Mongolian:  TCFA Институтын Ёс суртахууны дүрэм ба Мэргэжлийн үйл ажиллагааны стандарт нь CFA Институтын ү

Polish: Kodeks Etyczny i Standardy Profesjonalnego Postępowania

Effective Date

01 Jul 2014present

We’re using cookies on this site to give you a better experience. You can turn them off in Privacy Settings or learn more in our Privacy Policy. If you use the site without changing settings, you are agreeing to our use of cookies.