CFA考試即將到來,為了方便正在積極復習的學員們,高頓網校CFA小編將CFA一級考試的重點整理出來,以供學員們在考試復習當中,更清晰的理順思路和復習方針。
CFA
CFA一級知識點總結
Ethics部分
Objective of codes and standard:永遠是為了maintain publictrust in
1.Financial market
2.Investment profession
--------------------------------------------
6個code of ethics
1.Code 1—ethics and pertinent dpersons
2.Code 2---primacy of client’sinterest
a.Integrity with investmentprofession
b.客戶利益高于自身利益
3.Code 3---reasonable andindependent
a.必須注意reasonable care
b.必須exercise independent professional judgment---必須獨立判斷!
4.Code 4---ethical culture in theprofession
a.不但自己要practice,而且要鼓勵別人practice—不僅僅是自己一個人去做,要所有人共同去做
5.Code 5---ethnical culture inthe capital market!
a.促進整個capital market的integrity,推廣其相關法規---增強公眾對資本市場的trust!
b.Capital market是基于
i.Fairly pricing of risky assets;
ii.Investors‘confidence
6.有關competence—能力---competence
CFA
7個standard of professional conduct
1.Standard 1---professionalism---knowledgeof law
a.不需要成為法律專家,但是必須understand和comply with applicable law;
b.當兩個law發生conflict,則要遵守更加嚴格的法律!
c.Knowingly---know or should know
d.必須attempt to stop the violation,如果不能stop,then must dissociatefrom the violation!必須從其中分離出去!
i.Remove name from the writtenreport;
ii.Ask for a different assignment
e.并不要求向有關部門report?。╠o not require)
f.向CFA進行書面報告report--encouraged to so
2.Standard 1---professionalism---integrity of capital market
a.Bias from client or othergroups—listed company,controlling shareholder!
b.Bias from sell side analyst
c.Buyer side client—
d.Issuer paid report---只能接受flat feefor their work
3.Standard 1---professionalism---misinterpretation—不能誤導客戶,不能剽竊其他人的研究成果
在寫報告時注明出處,同時不能帶有任何歧義。
信息溝通是要詳盡,要讓客戶清楚地知道,不能帶有歧義從而誤導客戶。
出現了不能保證投資收益這種說法eg.I can guarantee that
涉及到了版權、使用權的問題
4、Standard 1 D---professionalism---misconduct-行為上的誤導
5、Standard 2 A---integrity of capital markets—material nonpublic information
不能使用非公開信息!---material nonpublic information---
mosaic theory---conclusion from analysis of public and non-material nonpublic information
對策
6、standard 2 B--integrity of capital markets—market manipulation
操作市場,扭曲價格
7、standard 3—duties to clients
Loyalty,prudence and care---
如何定義客戶?---考慮終受益人
以上就是【CFA一級考試知識分解:6個code of ethics】的全部解答,如果想要學習更多知識,歡迎大家前往高頓教育官方網站!