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CFA Level I · CFA Level I Exam · Code of Ethics and Standards of Professional Conduct

A manager goes beyond what the law requires to protect client interests. According to the Handbook guidance on Standard I(A), this action most likely:

The action further supports the conduct required by Standard I(A). Complying with law is only the minimum threshold, and going above and beyond the law to protect client interests or otherwise act ethically is consistent with, and reinforces, the Standard.

  1. Afurther supports the conduct required by the StandardCorrect
  2. Bis a violation because it exceeds legal requirements
  3. Cis prohibited unless clients approve

Explanation

The Handbook notes that compliance with law is the minimum threshold. Actions that exceed the minimum and go above and beyond the law to protect client interests further support the conduct required by Standard I(A).

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