官网题Rayne Brokers Case Scenario
Erin Mutini, CFA, a South African resident, is an employee of Oakwood Asset Management (OAM), an asset management company based in South Africa. OAM manages and sells its branded mutual funds and unit trusts through agents across Africa. Mutini was recently sent to Uganda to oversee OAM’s new agency agreement with Rayne Brokers, a licensed Ugandan stock brokerage company with a strong retail customer base.
Part of Mutini’s oversight role is to establish policies and procedures to ensure that the Ugandan sales force represents OAM in a professional manner. As a condition of its agency agreement, OAM requires all of Rayne’s sales agents to adhere to South African financial regulations, generally considered to be stricter than those in Uganda. OAM also requires all of its sales agents to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct (Code and Standards). OAM’s lawyer has indicated that South African laws are stricter than the Code and Standards.
According to the Code and Standards, if there is a conflict, Mutini should most likely adhere to:
A.South Africa’s laws and regulations.
B.the Code and Standards.
C.Uganda’s laws and regulations.
