Asset Manager Code of Professional Conduct - help!

[JSobes]

So the text says, verbatim, “Managers must refuse to accept gifts or enter from service providers, potential investment targets, or other business partners of more than a minimal value.” What do they mean by the third point? Do they mean “or other business partners” or do they mean minimally valuable business partners?

 

[cpk123]

Gift cannot exceed e.g. say 100$. (It is the gift value - not the client / business partner value).

 

[cpk123]

read the very next sentence that clarifies ….

Quote:
Managers must refuse to accept gifts or entertainment from service providers, potential investment targets, or other business partners of more than a minimal value. Managers should define what the minimum value is and should confer with local regulations which may also establish limits.
(Institute 263)