Saturday, November 15, 2008

The AIMR code of Professional Conduct - A. Standard I.: Fundamental responsibilities

1. 1(A) Know and comply with laws, regulations, ethical codes and professional standardsa.

Required conduct
Members must comply with the laws and regulations of their home country when residing and working in foreign countries or in trading foreign securities, as well as with the local laws and regulations ad the AIMR Code of ethics and Standards of Professional conduct. When these laws, regulations, codes and standards are different, the member must comply with the most strict laws, regulations, codes and standards to which he or she is subject.

2. I(B): Do not knowingly Participate or assist others in any violations of applicable regulations or ethical codes

Required conduct
Members are responsible for legal and ethical violations in which they knowingly participate or assist. Although members are presumed to know all applicable laws and regulations, AIMR recognizes that a member may not realize there is a violation because he or she might not be aware of all the facts giving rise to the violation.

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