一级Ethics部分大致如下：
Standards 十大題型:
1. 看到上司下屬關係的題目，則至少要注意: Obligation of informing Code and Standards
to employer, Supervisor’s responsibility, Duty to Employer, Disclosure of conflicts to
employer, Disclosure of additional compensation, supervisor responsibilities
2. 看到指定下單券商的題目，則要注意: Disclosure of conflicts to employer, Disclosure to
additional compensation arrangements, Fiduciary duties (soft dollars), Priority of
transactions, Disclosure of referral fees
3. 看到製作研究報告的題目，則要注意Research reports (facts vs. opinions), reasonable
basis and representations, Independence and objectivity ( 以下簡稱I and O),
Disclosure of conflicts to clients and prospects, Prohibition against the use of
material nonpublic information, prohibition against Plagiarism
4. 看到研究員拜訪公司的題目，則要注意: I and O, reasonable basis and representations
5. 看到散佈研究報告給客戶的題目，則要注意: Fair Dealing, Priority of transaction,
Disclosure of conflicts to clients, I and O
6. 看到推薦某投資產品題目，則要注意: prohibition against misrepresentation, disclosure
of referral fees, performance presentation, Portfolio investment recommendations
and actions
7. 看到經理人幫客戶下單的題目，則要注意: Reasonable Basis and Representations,
Fiduciary Duties, Portfolio investment recommendations and actions, Fair Dealing,
Priority of transaction
8. 看到主角在外部做董監事的題目，則要注意: Disclosure of conflicts to Employer,
Disclosure of additional compensation, I and O
9. 看到主角參加CFA 考試的題目，則要注意: Use of professional designation, Professional
Misconduct
10. 看到遵守法令規章的問題，則要注意: fundamental responsibilities (原則上要適用國籍
地和Standards 中較嚴之法令、但如國籍地法明文排除本國法之適用，則要看執業地法
或客戶國藉地法和Standards 比較何者較嚴遵守之)
GIPS

Portfolio must be valued at least monthly after 1/1/2001

Use time-weighted rates of return (NOT dollar weighted)

Composites must be asset weighted using beginning-of-period weightings (not
end-of-period weightings)

Cash and cash equivalent returns must be included in total return calculations

Performance must be calculated net of trading expenses

All fee-paying discretionary portfolios must be included in at least one composite

Terminated portfolios are only removed from the composite on a forward basis, while
their historical records must remain in the historical record of the composite
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No linking of simulated or model portfolios with the composite

At least five years of performance (or a record for the period since firm inception, if
inception is less than five years) that is GIPS compliant. After presenting five years
of performance, firms must present additional annual performance up to 10 years.

The number of portfolios and amount of assets in the composite and the percentage
of the firm’s total assets represented by the composite at the end of each period

Performance for periods of less than one year must not be annualized

那兩個規定從2005 年1 月1 日生效:
1. Trade-date Accounting
2. Accrual accounting must be used for dividends

具体详细文档：

[此贴子已经被作者于2006-11-9 21:00:32编辑过]