I.

Professionalism
the law
A. Knowledge of
+

Hiei, than this law

-> the law nghie ngat

what

+thatin can'tthanks for

joinshit -jaitach
a
yo
ra

B. Independence objectivity
+

Do lapIshall quan
Tot what what
qua
-

+ Qu < & entertainment tok

+ Quito win trans Toekhi what

↓ LUONAC NHANQUAView adisclose NhanKong FAIdisclose

 +

Thi boJan

the
tragi co'sixed gi
+ DN

disclose:bascastragi

↓ Travel junding:fotwhathi
[ ↳thihaswhatstarano with declar
[ chi (shethe
thay in
C. MISPEPRESENTATION
-? de
wy'bisst, false impression, cheinco-cap....
-
o de bar
stain LNG the"
-

cherry picking:chichortoe show ran

Plagiarism:Davain Faithicinquis cat

Bai pick of afingghieswinghicies, reissue
tri
- I
do

Bai as fringion
on
D. MISCONDUCT
Hanh ricaitrai

-Iquan dans tieng sax, thehieryou relate professional eye personal lid
to

Reflectadversely on
progressional life
-Damage trustworthiness or competence -
Law dung alcohol (wony' xong
otifain)
I
personal bankruptcy (lquan grand...
dung:
Lam CFA
-

# Integrity of Capital Market

A. MATERIAL NONPUBLIC INFORMATION

-
Tin mate I do act / xuintact

-Material" song
innquin
tin
ca

clearly
specific
-
Non public:Tintettocho whom who aila non
public
 -
Nekit hopPublic MINI material -=
viFans
-> Newi+Lain no public
+
4glia
+ separate firm
+

Theo die, hashe

EXCEPTION:Marketmakers:inmatis the
->
glish a
jaipassive us it

B. MARKET MANI PULATION

Chi y intention via

-
vas
ngta
-

Dia Hin sailich-action islanhain:Information-based mani

Goichlai:Transaction-basedmanipulation

-
I can.It inficient-trade it

Taxpurpose:DNbahra ↓ IBT + mua lai

#. DUTIES TO CLIENTS

A. LOYALTY, PRUDENCE CARE

-
work in client's bestinterest

which was total

pityols
-

Directed brokage:Sgi i means is hichocH Choace KHycai)

-
-

client brokerage soft dollars/softcommissions):chi sp

ma cohicho 1CH

-noting:HSTnote in an
informed a responsible manner

[ qtroy this avoter

B. FAIR DEALING

Fairly hi aria IshuyenightchoichokH cong=

nhinhan

Not mean IQUALLY

KH rip:service ND which when

to him, potain bai - Disclose rip service cho & KH kecangtangher
 KH the
dolin mat
in for they on BAOLUIN
-

KH Wykien on advise state advise:sai

-
Oversubscribed issue:Chiatheo tile.To

-
H gotin tragi:treatwhic client, transatcan
a

C. SUITABILITY

-
Reasonable inquiry the customers

- Follow IPS

MUST the thap Hin BEFORE

starting relationship
-

itwhatannually
-

update IPS or
prior
material
to
change
-

YociKH = IPS:

+
Tifrong:Advise lsach isacp=nkH hiel v ok
xem
cy conjun
kHOk update IPS
-
update - trade
+
T;bry> :-
&kH=ok 1 = (m
nie
-
Nochiitrae which
trivan kH Sailtain
PRISENTATION
D. PERFORMANCE (< 1C7
-
credible
agai hislain
d dato
ngo y'veKN INgticQK
-
:

Notbrig-p'ingorm (at finchitise new do

to
yait
-

-
Nin apply GIPS

E. PRESERVATION OFCONFIDENTIALITY

Girkin bymaillefthall htas, a thatthe

to vigamFais hal

p
I thatyou

IH cho gep
wait
intent-ataidiet.slain
CFA Y'c jap l pcho get
-

↳ Are n i cho jep-Inhis cho

IV. DUTIES TOEMPLOYERS

ung hislaid my, I fit toin lawn a'th las cy

ethics
than thissaid ity
MUST strain
gap hata
-

no
Ijaidatnghi m gox'duo
CASE:lain their ben trans hiis y)
-

ngoilcans
+ p transtha or
goixury or leis cty
↑
Now the bad y'=vain ban
cassep pcoriotin written consent

~
CASES:Aghivii

① Chixin nhi: -.otha cr,

xury
ofhis cty derithi dorixin night thislic

Viram:+ hesKH ai

Marfa liemaiswritten permission

-

-a chdeniy
ms mien:that a
 ② Nghir: -

dead knowledge, experience ...

(dinvai) AC DING MEMORY

-
Cothe" theHandelay" contactair trim lienhe
- Can caul trans

hier from itax you new:iwritten

Di permis min
-
-

MNH: -trekhinghip'tha'sK
-

Whistleblowing, they' sep' famebuKHoH vn

is

B. ADDITIONAL COMPENSATION ARRANGE MNS

-
Can the what direct (in direct

-
4's written consent tosep

C. RESPONSIBILITES TO SUPERVISORS

the
ensure with than gap hat
-

Kig:In to trains no
of mine
 -
CASE: Hething'
quy
fine child dayi Bai sei
Tchor' van his platen Ishiotayoth
Respond
-

CASE:Vigan -

Fai bas: repeat

L Hanche
L Giam sat

- NE: -Reasonable procedures aviolate weredetect

- Bid he thong'shim quae:lain

gi-violate
V. INVESTMENT ANALYSIS, REC a ACTION

A. DILIGENCE C REASONABLE BASIS

sicans trong a so hop
-
li

Exercise diligence, independence, thoroughness (i hing) in

analysing a
making investment

-
Reasonable cadequat basis, appropriate research a
investigation
per
group
Y
Macro hanchet
FA

duing quant
 -
Id ba's ben to:ainjoty, 43: outside firm
as

-
So Das as quant:understand parameters, assumptiis, limitations.
[ testoutput in broad scope, can lchugenza
-
Create new quant techniques:- (achuyen a

Understand
-

technique aspects
- Nhafivan
-

y'vienI group: -Can dissociate Italral net reasonable

I Reasonable - I can dissociate

B. COMMUNICATIONS WIT CLIENTS & PROSPECTIVECLIENT

-
Thelock to finangbasic format general principles
a
by
investmentprocess

Disclose signicantlimitation crick

-

-reasonable adjustmentto important who investmentanalyses

-

Phiel factsopinion
↳ Mins has dayin qual tons chara
quy faith
it

↳ What cartip: -
fair access to shared ingor

-
Capsule forne (dangtom tat) v thas Hinchitic (I be'sais...

↳ Fact opinion Full toseparate pasttenture violating

Pastperomance -
fact
Expected outcome/rea - Intree openin
⑦ Expectation modeling, analysis
on opinion -

↳
adtrctery:will beging to be about to -> sai
-
-
-

C. RECORD RETENTION: hi to bas o

- his this iswhatI nain

 Mac:de use his trical recommendation
Vscyc:
* +

re-creat DYNG MEMORY laee

-
Forpture use:
Ilay' icy ai

VI. CONFLICTS OF INTEREST

A. DISCLOSUREOF CONFLICT -

p'disclose full a I voteath

cry=
plain language:s'raiy, bimque
-

Source: Gric leg thy"

+

+
Ownership of
stock

-Outside board
participation
Broder-dealer marketmaking
-
activid'es

↳ Best.And conflict
-

~ - avoid: t Must
fully disclose allow clients to judge
- I tryyour disclose
B. PRIORITY OF TRANSACTION:clients -
employers - MoC

unethical when makingmoney personal investments:

from
-

-> RH: bi disadvantaged

+ :
bengitpersonally:the los cax

↑
Complies with law

Personal account: Quy him

to... (He mins late the hiswis
-

simultaneous:doing this i saw

Co-investsame investmentposition:to him longlet

should
Preclearance:minh
I never
adversely affect
-

mins (.) sach

↳ umited
+

participation
- Restriction

+ Black out I restricted period

 C. REFERRAL FEES: F:gthieu
- disclose shown hiswhen I tra
-
disclose
before la hip story
disclose mature:+ $value

+bengits (soft $: how bing)

+ When pay receive

to

↳
provide regular update (atleastquarterly
VII. RESPONSIBILITIES AS A CFA MoC

A. CONDUCT ASMOC IN CEA PROGRAM

in a h)
conduct thatcompromise (hn validity, integrity
severity of
engage
--

CFA Institute
program
-

Iam duny chingchi:7A

B. REFERENCE TO CEE INSTITUTE, CFA DES a CFA PROGRAM
-
MUST NOT misrepresent exaggerate buy
it sai (gong day
-overpromise competence (future investment
-

Candidate:do tra fren

[No expected completion

-

Membership:
-

CFA charter holder