- CFA Exams
- 2023 Level II
- Topic 10. Ethical and Professional Standards
- Learning Module 49. Application of the Code and Standards: Level II
- Subject 5. Magadi asset management
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Subject 5. Magadi asset management PDF Download
The case discusses many standards.
Standard III (E) Preservation of Confidentiality
Don't disclose confidential information without explicit permission from your client, even if the recepient does not act on the confidential information.
Standard IV (C) Responsibilities of Supervisors
Simply establishing policies and procedures is not good enough. They have to be "effective" and "sufficient" to ensure compliance.
Standard I (B) Independence and Objectivity
Members and Candidates must not offer any compensation that could be expected to compromise their own or another's independence and objectivity.
Standard V (B) Communication with Clients and Prospective Clients
Members and Candidates must disclose to clients and prospective clients the basic format and general principles of the investment processes. If there are significant changes, disclose!
Standard III (D) Performance Presentation
Showing past performance of a previous fund is ok, but disclosure is needed.
Standard II (A) Material Nonpublic Information
If disclosure of information could affect the price of a security, that information is considered to be material, and must not be acted on.
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