The revised Code of Ethics and Standards of Professional Conduct (PDF) were approved by the CFA Institute Board of Governors in May 2005. The new Code and Standards will become effective 1 January 2006.
Adopting Release (PDF)
Comparison of new vs existing Code and Standards (PDF)
Read the Press Release announcing the newly revised Code of Ethics and Standards of Professional Conduct.
Important NOTE to CFA Program candidates: The revised Code of Ethics and Standards of Professional Conduct will not be tested until June 2006.
Until 1 January 2006, the current Code of Ethics and Standards of Professional Conduct remain in effect.
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