- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 71. Guidance for Standards I-VII
- Subject 19. Standard VI (B) Priority of Transactions
CFA Practice Question
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
Correct Answer: I, II and IV only
Compliance procedures designed to assist members in complying with this standard are as follows:
- define personal transactions
- define investment; this would include any investment, including real estate, etc.
- define 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 |