没找到准则对Referral Fees的披露周期有相关规定

问题如下：

Given O’Connor’s second statement to Jensen, which further action should O’Connor least likely take to comply with required or recommended procedures for the CFA Institute Standards of Professional Conduct?

选项：

A.Monitor the consultants’ compliance policy execution. B.Disclose the finder’s fee arrangement in the fund prospectus. C.Notify clients of the finder’s fee policy on a semiannual basis.

解释：

Solution

1. Incorrect. Make-a-Difference has made claims that it abides by the CFA Institute Code and Standards. O’Connor has a responsibility under Standard I(A): Knowledge of the Law to not knowingly participate or assist others in violating any CFA Institute Standards. Therefore, she must seek assurances that Make-a-Difference Consultants also disclose the receipt of finder’s fees to their clients where applicable as required by Standard VI(C): Referral Fees.

2. Incorrect. O’Connor should ensure that the potential use of paying finder’s fees to Make-a-Difference Consultants or any other third-party agents is disclosed in the prospectus to avoid violating Standard VI(C): Referral Fees.

3. Correct. O’Connor should least likely notify clients of the finder’s fee policy on a semiannual basis. Recommended procedures to implement Standard VI(C): Referral Fees are to notify clients at least quarterly, not semiannually.

Guidance for Standards I–VII

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