Ethics (Cfa Level 1)

Front 1

I. PROFESSIONALISM

Back 1

A. Knowledge Of The Law
B. Independence And Objectivity
C. Misrepresentation
D. Misconduct

Front 2

II. INTEGRITY OF CAPITAL MARKETS

Back 2

A. Material Nonpublic Information
B. Market Manipulation (completely new)

Front 3

III. DUTIES TO CLIENTS

Back 3

A. Loyalty, Prudence, And Care
B. Fair Dealing
C. Suitability
D. Performance Presentation
E. Preservation Of Confidentiality

Front 4

IV. DUTIES TO EMPLOYERS

Back 4

A. Loyalty
B. Additional Compensation Arrangements
C. Responsibilities Of Supervisors

Front 5

V. INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTIONS

Back 5

A. Diligence And Reasonable Basis
B. Communication With Clients And Prospective Clients
C. Record Retention

Front 6

VI. CONFLICTS OF INTEREST

Back 6

A. Disclosure Of Conflicts
B. Priority Of Transactions
C. Referral Fees

Front 7

VII. RESPONSIBILITIES AS A CFA INSTITUTE MEMBER OR CFA CANDIDATE

Back 7

A. Conduct As Members And Candidates in The CFA Program

B. Reference To CFA institute, The CFA Designation, And The CFA Program

Front 8

GIPS 0: Fundamentals of Compliance

Back 8

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.

Front 9

GIPS 1: Input Data

Back 9

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.

Front 10

GIPS 2: Calculation Methodology

Back 10

GIPS standards mandate the use of certain calculation methodologies for both PORTFOLIOS and COMPOSITES.

Front 11

GIPS 3: Composite Construction

Back 11

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

Front 12

Gips 4: Disclosures

Back 12

GIPS standards require that FIRMS MUST disclose certain information about their performance presentation and policies adopted by the firm.

Front 13

GIPS 5: Presentation And Reporting

Back 13

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.

Front 14

GIPS 6: Real Estate

Back 14

Must disclose all real-estate investments except:

i. Publicly traded REAL ESTATE securities;
ii. Commercial mortgage-backed securities;
iii. Private debt investments.

Front 15

Corporate Governance

Back 15

provides a framework that defines the rights, roles, hand responsibilities of (1) Board of directors, (2) Management, and (3) Share-owners within a company.

Front 16

BOARD OF DIRECTORS MEMBERS

Back 16

may include (1) Executive Board Members, (2) Independent Board Members, and/or (3) Non-Executive Board Members (Labor Union Leaders)

Front 17

Qualification of Board of Directors

Back 17

(1) Independence
(2) Qualifications
(3) Resources

Front 18

Board Member Terms

Back 18

Should decide whether the elections are all annually or staggered

Front 19

Board of Directory Committees

Back 19

(1) Audit
(2) Compensation
(3) Nominations (Recruitment)