Asset Manager Code of Professional Conduct
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2009 Second Edition
Updates include:
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Ethical behavior begins at the highest level of investment management firms and requires a consistent, company-wide approach to keeping investor protection and the professional conduct of managers as top priorities.
What Does the Asset Manager Code Cover?
The Asset Manager Code of Professional Conduct outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients. It provides standards and supportive guidance based on general principles of conduct.
The Asset Manager Code states that managers have these responsibilities to their clients:
- To act in a professional and ethical manner at all times
- To act for the benefit of clients
- To act with independence and objectivity
- To act with skill, competence, and diligence
- To communicate with clients in a timely and accurate manner
- To uphold the rules governing capital markets
Find out more about the principles of the Asset Manager Code.
Who should adopt the Asset Manager Code?
- Firms that manage client assets as separate accounts or pooled funds
- Firms that are not required to register with a regulator, such as hedge funds
- Firms that currently do not have a code of ethics
Find out how your firm can adopt the Asset Manager Code.