Chartered Financial Analyst CFA 一级考试知识点总结 Stanhope 2 | P a g e CFA 一级知识点总结 Ethics 部分 Objective of codes and standard：永远是为了 maintain public trust in 1. Financial market 2. Investment profession 6 个 code of ethics职业道德 1. Code 1—ethics and pertinented persons a. 2. Code 2---primacy of client’ s interest a. Integrity with investment profession b. 客户利益高于自身利益 3. Code 3---reasonable and independent a. 必须注意 reasonable care b. 必须 exercise independent professional judgment---必须独立判断！ 4. Code 4---ethical culture in the profession a. 不但自己要 practice， 而且要鼓励别人 practice—不仅仅是自己一个人去做， 要所有人共同去做 5. Code 5---ethnical culture in the capital market! a. 促进整个 capital market 的 integrity，推广其相关法规---增强公众对资本市场的 trust！ b. Capital market 是基于 i. Fairly pricing of risky assets； ii. Investors‘ confidence 6. 有关 competence—能力---competence 7 个 standard of professional conduct 1. Standard 1---professionalism---knowledge of law a. 不需要成为法律专家， 但是必须 understand 和 comply with applicable law； b. 当两个 law 发生 conflict，则要遵守更加严格的法律！ c. Knowingly---know or should know d. 必须 attempt to stop the violation， 如果不能 stop， then must dissociate from the violation！必须从其中分离出去! i. Remove name from the written report; ii. Ask for a different assignment e. 并不要求向有关部门 report！（do not require） f. 向 CFA 进行书面报告 report--encouraged to so 2. Standard 1 ---professionalism---integrity of capital market a. Bias from client or other groups—listed company，controlling shareholder！ b. Bias from sell side analyst c. Buyer side client— d. Issuer paid report---只能接受 flat fee for their work e. 3. Standard 1 ---professionalism---mis...
