{"id":11222,"date":"2021-02-18T19:02:32","date_gmt":"2021-02-18T19:02:32","guid":{"rendered":"https:\/\/analystprep.com\/study-notes\/?p=11222"},"modified":"2026-05-06T06:24:52","modified_gmt":"2026-05-06T06:24:52","slug":"learning-sessions-ethical-and-professional-standards","status":"publish","type":"post","link":"https:\/\/analystprep.com\/study-notes\/cfa-level-2\/learning-sessions-ethical-and-professional-standards\/","title":{"rendered":"Study Notes for CFA\u00ae Level II \u2013 Ethical and Professional Standards \u2013 offered by AnalystPrep"},"content":{"rendered":"<h3>Reading 45: Code of Ethics and Standards of Professional Conduct<\/h3>\n<p><em><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/the-six-components-code-ethics-seven-standards-professional-conduct\/\" target=\"_blank\" rel=\"noopener noreferrer\">-a. Describe the six components of the Code of Ethics and the seven Standards of Professional Conduct;<\/a><\/em><\/p>\n<p><em><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/ethical-responsibilities-required-cfa-institute-members-candidates-cfa-program-code-standards\/\" target=\"_blank\" rel=\"noopener noreferrer\">-b. Explain the ethical responsibilities required of CFA Institute members and candidates in the CFA Program by the Code and Standards;<\/a><\/em><\/p>\n<h3>Reading 46: Guidance &amp; Application for The Standards of Professional Conduct (I-VII)<\/h3>\n<p>Standard I\u00a0\u2013 Professionalism<\/p>\n<ul>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-1a-knowledge-of-the-law\/\" target=\"_blank\" rel=\"noopener noreferrer\">(A)\u00a0Knowledge of the Law\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-b-independence-objectivity\/\" target=\"_blank\" rel=\"noopener noreferrer\">(B)\u00a0Independence and Objectivity<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-c-misrepresentation\/\" target=\"_blank\" rel=\"noopener noreferrer\">(C) Misrepresentation<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-d-misconduct\/\" target=\"_blank\" rel=\"noopener noreferrer\">(D) Misconduct<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=VqwxCgjPkTU\" target=\"_blank\" rel=\"noopener noreferrer\">(E) Competence<\/a><\/li>\n<\/ul>\n<p>Standard II\u00a0\u2013 Integrity of Capital Markets<\/p>\n<ul>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-ii-material-nonpublic-information\/\" target=\"_blank\" rel=\"noopener noreferrer\">(A) Material Nonpublic Information<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-ii-b-market-manipulation\/\" target=\"_blank\" rel=\"noopener noreferrer\">(B) Market Manipulation<\/a><\/li>\n<\/ul>\n<p>Standard III \u2013 Duties to Clients<\/p>\n<ul>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iiia-loyalty-prudence-care\/\" target=\"_blank\" rel=\"noopener noreferrer\">(A)\u00a0Loyalty, Prudence, and Care<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iii-b-fair-dealing\/\" target=\"_blank\" rel=\"noopener noreferrer\">(B) Fair Dealing<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iii-c-suitability\/\" target=\"_blank\" rel=\"noopener noreferrer\">(C) Suitability<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iiid-performance-presentation\/\" target=\"_blank\" rel=\"noopener noreferrer\">(D) Performance Presentation<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iii-e-preservation-confidentiality\/\" target=\"_blank\" rel=\"noopener noreferrer\">(E) Preservation of Confidentially<\/a><\/li>\n<\/ul>\n<p>Standard\u00a0IV\u00a0\u2013 Duties to Employers<\/p>\n<ul>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iv-loyalty\/\" target=\"_blank\" rel=\"noopener noreferrer\">(A) Loyalty<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iv-b-additional-compensation-arrangements\/\" target=\"_blank\" rel=\"noopener noreferrer\">(B)\u00a0Additional Compensation Arrangements<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iv-c-responsibilities-supervisors\/\" target=\"_blank\" rel=\"noopener noreferrer\">(C)\u00a0Responsibilities of Supervisors<\/a><\/li>\n<\/ul>\n<p>Standard V\u00a0\u2013\u00a0 Investment Analysis, Recommendations and Actions<\/p>\n<ul>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-v-diligence-reasonable-basis\/\" target=\"_blank\" rel=\"noopener noreferrer\">(A) Diligence and Reasonable Basis<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-v-b-communication-clients-prospective-clients\/\" target=\"_blank\" rel=\"noopener noreferrer\">(B) Communication with Clients and Prospective Clients<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-v-c-record-retention\/\" target=\"_blank\" rel=\"noopener noreferrer\">(C) Record Retention<\/a><\/li>\n<\/ul>\n<p>Standard VI \u2013 Conflicts of Interests<\/p>\n<ul>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-vi-disclosure-conflicts\/\" target=\"_blank\" rel=\"noopener noreferrer\">(A) Disclosure of Conflicts<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-vi-b-priority-transactions\/\" target=\"_blank\" rel=\"noopener noreferrer\">(B) Priority Transactions<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-vi-c-referral-fees\/\" target=\"_blank\" rel=\"noopener noreferrer\">(C) Referral Fees<\/a><\/li>\n<\/ul>\n<p>Standard\u00a0VII \u2013 Responsibilities of a CFA Institute Member or CFA Candidate<\/p>\n<ul>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-vii-a-conduct-as-participants-in-cfa-institute-programs\/\" target=\"_blank\" rel=\"noopener noreferrer\">(A)\u00a0Conduct as Participants in CFA Institute Programs<\/a><\/li>\n<li><a href=\"https:\/\/analystprep.com\/study-notes\/cfa-2\/standard-iv-b-reference-cfa-institute-cfa-designation-cfa-program\/\" target=\"_blank\" rel=\"noopener noreferrer\">(B)\u00a0Reference to CFA Institute, the CFA Designation, and the CFA Program<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Reading 45: Code of Ethics and Standards of Professional Conduct -a. Describe the six components of the Code of Ethics and the seven Standards of Professional Conduct; -b. Explain the ethical responsibilities required of CFA Institute members and candidates in&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102,196],"tags":[216,215],"class_list":["post-11222","post","type-post","status-publish","format-standard","hentry","category-cfa-level-2","category-ethical-and-professional-standards","tag-cfa-level-2","tag-learning-sessions-ethical-and-professional-standards","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CFA Level II Ethics Study Notes | AnalystPrep<\/title>\n<meta name=\"description\" content=\"Learn CFA Level II ethics, including the Code of Ethics and Standards of Professional Conduct and responsibilities of members and candidates.\" 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