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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?

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
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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.