Code of Ethics

Standards of Professional Conduct.

The code and standards describe best practices relating to:

• professionalism
• the integrity of capital markets
• duties to clients
• duties to employers
• investment analysis
• recommendations & actions
• conflicts of interest

The code and standards provide guidance to members allowing them to identify and resolve ethical conflicts so that the integrity of the profession is maintained. CFA Institute and CFASociety Uruguay enforce the code and standards through self-disclosure, public complaints and publicly available information

To see the full Code of Ethics and Standards of Professional Conduct, please click here.

Asset Manager Code of Professional Conduct

Asset managers hold a unique place of trust in the lives of millions of investors. The Asset Manager Code is a voluntary code of conduct that CFA Institute offers to help asset managers practice ethical principles that put client interests first.

More information can be found here.


The Global Investment Performance Standards (GIPS®) are voluntary standards based on the fundamental principles of full disclosure and fair representation of investment performance results. A global standard for investment performance reporting gives investors around the world the additional transparency they need to compare and evaluate investment managers.

More information can be found on the GIPS website