Chartered Financial Analyst Level 1
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According to the guidance provided by the Standards, which of the following is not among the recommended procedures for compliance with the Standard relating to independence and objectivity?
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A
Create a restricted list
B
Prohibit the acceptance of gifts
C
Appoint a senior compliance officer with oversight responsibilities
Explanation:
The Standards (CFA Institute Code of Ethics and Standards of Professional Conduct) provide guidance on maintaining independence and objectivity. Recommended procedures typically include appointing a senior compliance officer with oversight responsibilities and prohibiting the acceptance of gifts that could create conflicts of interest. Creating a restricted list (i.e., a list of securities that employees are restricted from trading) is not specifically a recommended procedure for independence and objectivity; it is more commonly a procedure related to compliance with personal trading and insider trading policies. Thus the correct answer is A.
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