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Basic Question 1 of 4
In terms of CFA Institute's Standards of Professional Conduct per Standard VI (B) Priority of Transactions, when dealing with compliance procedures, which of the following procedures should be included to assist in complying with this standard?
II. defining investment (This would include any investment, including real estate etc.)
III. establishing control over trading activity
IV. defining clearly prohibited transactions
I. defining personal transactions
II. defining investment (This would include any investment, including real estate etc.)
III. establishing control over trading activity
IV. defining clearly prohibited transactions
User Contributed Comments 4
| User | Comment |
|---|---|
| danlan | Fair dealing and transaction priority are different. |
| johntan1979 | :( Don't you all think that there is a very thin line between Fair Dealing and Priority of Transaction? |
| marianne1 | III -Compliance procedure |
| Baumisa | Tricked question |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2024 Level I Curriculum, Volume 6, Module 3.