FRM Part I · FRM Exam Part I · GARP Code of Conduct
Which of the following is a principal area addressed by the GARP Code of Conduct's principles?
The Code addresses professional integrity and ethical conduct, including conflicts of interest, confidentiality, and fundamental responsibilities. It does not deal with exam pricing, VaR confidence levels, or accounting standards, which are matters for GARP administration, firm policy, and standard setters respectively.
- AProfessional integrity and ethical conduct, including conflicts of interest and confidentialityCorrect
- BSetting the pricing of FRM exam registration fees
- CDetermining the value-at-risk confidence level used by member firms
- DPrescribing the accounting standard used to report derivative positions
Explanation
The Code's principles cover professional integrity and ethical conduct, with standards on matters such as conflicts of interest, confidentiality, and fundamental responsibilities. Exam fees, VaR confidence levels, and accounting standards fall outside its scope.
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