Objective of codes and standard：永遠(yuǎn)是為了maintain public trust in
1. Financial market
2. Investment profession 6個(gè)code of ethics
1. Code 1—ethics and pertinent d persons
a.
2. Code 2---primacy of client’s interest
a. Integrity with investment profession b. 客戶(hù)利益高于自身利益
3. Code 3---reasonable and independent
a. 必須注意reasonable care
b. 必須exercise independent professional judgment---必須獨(dú)立判斷！
4. Code 4---ethical culture in the profession
a. 不但自己要practice， 而且要鼓勵(lì)別人practice—不僅僅是自己一個(gè)人去做，
要所有人共同去做
5. Code 5---ethnical culture in the capital market!
a. 促進(jìn)整個(gè)capital market的integrity，推廣其相關(guān)法規(guī)---增強(qiáng)公眾對(duì)資本市
場(chǎng)的trust！
b. Capital market是基于
i. Fairly pricing of risky assets； ii. Investors‘ confidence
6. 有關(guān)competence—能力---competence 7個(gè)standard of professional conduct
1. Standard 1---professionalism---knowledge of law
a. 不需要成為法律專(zhuān)家， 但是必須understand和comply with applicable law； b. 當(dāng)兩個(gè)law發(fā)生conflict，則要遵守更加嚴(yán)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 dissociate
from the violation！必須從其中分離出去!
i. Remove name from the written report; ii. Ask for a different assignment
e. 并不要求向有關(guān)部門(mén)report?。╠o not require）