Asset Manager code

[LynDel]

Communicating w/ clients regularly is one of the ethical responsibilities.

 

[comp_sci_kid]

LynDel Wrote:
——————————————————-
> Communicating w/ clients regularly is one of the
> ethical responsibilities.
Reg i believe implies at least once a year

 

[pimp]

Compliance officer should report to BOD as well.

 

[3rd Long]

so compliance officer reports to the BOD and the CEO? that doesn’t make sense to me…

 

[strikershank]

makes sense to me - the BOD has an independent audit commmitte that hte compliance likely reports to.
the CEO the compliance would of course report to anyways.

 

[3rd Long]

what if CEO tells Compliance to disregard a compliance related issue?? Not sure, just seems like a conflict of interest…

 

[Iwona pass]

I just read in CFA test 1 that the compliance officer is to report either to CEO or the Board
not both thou….

 

[krishna1]

Std and code apply to only charterholders/candidates or to any person or entity which has undertaken to bind by the standards of prof conduct.
AMC : use of portion relevant to the firm is recommended. Does not require adoption of code verbatim
Ethical leadership begins the very top. code should be adopted by the senior management. Code is inteneded to cover all the employees broadly irrespective of whether they are actively involved int he conduct covered by the code.
Code sets minimum standards for provding asset management services to clients

 

[michaelwcao]

Bump

 

[S2000magician]

PJStyles wrote:2) Adopted on a firm-wide basis

Eeeewwwww!
Adopted firm-wide.
(We should all strive to eschew that disgusting “on a <fill in your favorite adjective> basis” construct, and start using adverbs again; that’s what they’re there for.)

 

[S2000magician]

comp_sci_kid wroteJStyles Wrote: ——————————————————-
> Hmm… thought a firm could adopt the code of
> ethics firm-wide including GIPS which is also firm
> wide (definition of the firm important).
NOOOOOO Ethics is for inidivduals ONLY

More specifically, the Code and Standards apply only to covered persons (it should be people): candidates, charterholders, and members of CFA Institute.
Be careful on that one: if they don’t tell you that Bob is a covered person, Bob cannot violate the Code and Standards.