• Act with integrity, competence, diligence, and respect, and in an ethical manner with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets.

• Place the integrity of the investment profession and the interests of clients above their own personal interests.

• Use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions, and engaging in other professional activities.

• State the fourth component of the Code of Ethics

• Promote the integrity and viability of the global capital markets for the ultimate benefit of society.

• Maintain and improve their professional competence and strive to maintain and improve the competence of other investment professionals.

Professionalism.

Integrity of Capital Markets.

Duties to Clients.

Duties to Employers.

Investment Analysis, Recommendations, and Actions.

Conflicts of Interest.

Responsibilities as a CFA Institute Member or CFA Candidate.

• In the event of a conflict, follow the more strict law, rule, or regulation.
• Members must know all the laws, rules and regulations surrounding their business and where it operates.
• Members should disassociate or seperate themselves from any ongoing client or employee activity that is illegal or unethical.
• Members must their supervisors or compliance department to report illegal/unethical behaviour, while they may approach the individual first.

• Members must use reasonable acre and judgement to achieve and maintain independence and objectivity in their professional activities.
• No member shall offer, solicit, or accepted any gift that may compromise their own or another independence and objectivity.
• Gifts must always be disclosed to the members employer.
• Modest gifts are permitted, as long as they don't influence the investment process.

• Members and candidates must not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other.
• Misrepresentation involves guaranteeing investment performance and plagiarism.
• Do not give false impressions.

• Members and Candidates must not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence.
• CFA Institute discourages unethical behaviour in all aspects of members lives.

• Members and Candidates who possess material nonpublic information that could affect the value of an investment must not act or cause others to act on the information.
• Nonpublic information is information that has not yet been released to the marketplace.
• Mosaic theory: There is no violation when a perceptive analyst reaches an investment conclusion about a corporate action or event through an analysis of public information together with items of nonmaterial nonpublic information.

Members and Candidates must not engage in practices that distort prices or artificially inflate trading volume with the intent to mislead market participants.