道德

问题如下：

What should Mehta’s next step most likely be to avoid violating the CFA Institute Standards of Professional Conduct?

选项：

A.Limit his research to India. B.Consult with a legal specialist. C.Replicate the multinational firm’s pension plan.

解释：

Solution

1. Incorrect. To avoid violating Standard I(A): Knowledge of the Law and Standard V(A): Diligence and Reasonable Basis, Mehta should consult with a legal specialist as per the above justification.

2. Correct. To avoid violating Standard I(A): Knowledge of the Law, Mehta should consult with legal specialists who understand the pension regulations in both Singapore and India. He has recognized he needs help after his initial desktop research. If he limited his desktop research to India, he would likely be violating Standard I(A): Knowledge of the Law in that he would not take into consideration Singaporean regulations. Even if it was eventually determined India did have tougher regulations, Singaporean regulations would still need to be followed by those employees based in Singapore. Standard I(A): Knowledge of the Law requires Members and Candidates to understand and comply with all applicable laws, rules, and regulations (including the CFA Institute Code of Ethics and Standards of Professional Conduct) of any government, regulatory organization, licensing agency, or professional association governing their professional activities and not knowingly assist others in violating any laws, rules, and regulations. In addition, to avoid violating Standard V(A): Diligence and Reasonable Basis, Mehta would likely need to undertake extensive due diligence. The initial research undertaken was likely not sufficient or diligent enough to fully understand the various rules and regulations in both countries. Moreover, if Mehta were to make a recommendation based on his conversation with the HR manager, it would also not be considered a thorough or diligent enough research process. Standard V(A): Diligence and Reasonable Basis requires Members and Candidates to exercise diligence, independence, and thoroughness in analyzing investments, making investment recommendations, and taking investment actions as well as to have a reasonable and adequate basis, supported by appropriate research and investigation, for any investment analysis, recommendation, or action.

3. Incorrect. To avoid violating Standard I(A): Knowledge of the Law and Standard V(A): Diligence and Reasonable Basis, Mehta should consult with a legal specialist as per the above justification.

Guidance for Standards I–VII

• recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct