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19 Cards in this Set
- Front
- Back
I. PROFESSIONALISM
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A. Knowledge Of The Law
B. Independence And Objectivity C. Misrepresentation D. Misconduct |
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II. INTEGRITY OF CAPITAL MARKETS
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A. Material Nonpublic Information
B. Market Manipulation (completely new) |
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III. DUTIES TO CLIENTS
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A. Loyalty, Prudence, And Care
B. Fair Dealing C. Suitability D. Performance Presentation E. Preservation Of Confidentiality |
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IV. DUTIES TO EMPLOYERS
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A. Loyalty
B. Additional Compensation Arrangements C. Responsibilities Of Supervisors |
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V. INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTIONS
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A. Diligence And Reasonable Basis
B. Communication With Clients And Prospective Clients C. Record Retention |
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VI. CONFLICTS OF INTEREST
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A. Disclosure Of Conflicts
B. Priority Of Transactions C. Referral Fees |
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VII. RESPONSIBILITIES AS A CFA INSTITUTE MEMBER OR CFA CANDIDATE
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A. Conduct As Members And Candidates in The CFA Program
B. Reference To CFA institute, The CFA Designation, And The CFA Program |
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GIPS 0: Fundamentals of Compliance
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Critical issues that a FIRM MUST consider when claiming compliance with the
GIPS standards are defining the FIRM, documenting FIRM policies and procedures, maintaining compliance with updates to the GIPS standards, and properly using the claim of compliance and reference to verification. |
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GIPS 1: Input Data
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Consistency of input data is critical to eftective compliance with the GIPS standards and establishes the foundation for full, fair, and comparable investment performance presentations.
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GIPS 2: Calculation Methodology
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GIPS standards mandate the use of certain calculation methodologies for both PORTFOLIOS and COMPOSITES.
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GIPS 3: Composite Construction
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Rate-of-return of a COMPOSITE is the beginning-of-period asset-weighted
average of the rates-of-return for the period of all of the PORTFOLIOS in the COMPOSITE |
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Gips 4: Disclosures
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GIPS standards require that FIRMS MUST disclose certain information about their performance presentation and policies adopted by the firm.
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GIPS 5: Presentation And Reporting
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the FIRM MUST incorporate this
information in presentations based on the REQUIREMENTS set out in the GIPS standards for presenting the investment performance rates-of-return. |
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GIPS 6: Real Estate
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Must disclose all real-estate investments except:
i. Publicly traded REAL ESTATE securities; ii. Commercial mortgage-backed securities; iii. Private debt investments. |
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Corporate Governance
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provides a framework that defines the rights, roles, hand responsibilities of (1) Board of directors, (2) Management, and (3) Share-owners within a company.
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BOARD OF DIRECTORS MEMBERS
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may include (1) Executive Board Members, (2) Independent Board Members, and/or (3) Non-Executive Board Members (Labor Union Leaders)
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Qualification of Board of Directors
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(1) Independence
(2) Qualifications (3) Resources |
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Board Member Terms
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Should decide whether the elections are all annually or staggered
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Board of Directory Committees
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(1) Audit
(2) Compensation (3) Nominations (Recruitment) |