study notes

CFA Level 2 – LOS Changes 2012 – 2013

Topic
Ethics

Ethics

Ethics

LOS
1.1.a

describe the six components of the Code of Ethics and the seven Standards of
Professional Conduct

1.1.b

explain the ethical responsibilities required by the Code and Standards, including the multiple sub-sections of each standard.

1.2.a

demonstrate a thorough knowledge of the Code of Ethics and Standards of
Professional Conduct by applying the
Code and Standards to specific situations Ethics

1.2.b

Ethics

1.3.a

Ethics

1.3.b

Ethics

1.3.c

Ethics

Level II – 2012

1.4.a

recommend practices and procedures designed to prevent violations of the
Code of Ethics and Standards of
Professional Conduct define soft-dollar arrangements, and state the general principles of the Soft
Dollar Standards evaluate company soft-dollar practices and policies determine whether a product or service qualifies as “permissible research” that can be purchased with client brokerage explain the objectives of the Research
Objectivity Standards

LOS

Level II – 2013

1.1.a

describe the six components of the
Code of Ethics and the seven Standards of Professional Conduct

1.1.b

explain the ethical responsibilities required of CFA Institute members and candidates in the CFA Program by the
Code and Standards

1.2.a

Compared

demonstrate a thorough knowledge of the Code of Ethics and Standards of
Professional Conduct by applying the
Code and Standards to specific situations 1.2.b

1.3.a
1.3.b

1.3.c
1.4.a

Wording
Change

recommend practices and procedures designed to prevent violations of the
Code of Ethics and Standards of
Professional Conduct define soft-dollar arrangements, and state the general principles of the Soft
Dollar Standards evaluate company soft-dollar practices and policies
determine