Indian CFA Code of Conduct
CFAC (Indian Council of Chartered Financial Analysts) is a registered society with the Indian government seeking to regulate the profession of financial analysts in India but, unlike ICAI or ICSI or ICWAI, is not a statutory body. The CFA charter is only a certification from ICFAI apprising the public at large of the CFAs competence for Financial and Investment analysis.
The Code of Conduct covers:
1. Integrity: A CFA shall conduct him/herself with integrity and dignity in his dealings with the public, clients, customers, employers, employees, professionals and fellow analysts.
2. Ethical Behavior: A CFA shall conduct himself and shall encourage others to practice the financial analysis profession in a professional and ethical manner that will reflect credit on himself and his profession and his organization/employer where or for whom he is working.
3. Professional Competence: A CFA shall act with competence and shall strive to maintain and improve his competence and that of others in the profession.
4. Objectivity: A CFA shall be fair in his dealings and must not be biased or prejudiced. He shall try to maintain objectivity and impartiality towards one and all.
5. Professional Independence: A CFA shall use proper care and exercise independent professional judgment in all his professional activities.
6. Public Trust: A CFA shall assume the basic responsibility to place the interest of clients, prospective clients and employers ahead of his own. He shall seek to enhance public confidence in his profession.
The CFA Council has put in place a suitable mechanism to enforce the Code of Ethics and Standards of Professional Conduct.
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