问题如下：
Which of the following statements clearly conflicts with the recommended procedures for compliance presented in the CFA Institute Standards of Practice Handbook?
选项：
A.Firms should disclose to clients the personal investing policies and procedures established for their employees.
B.Prior approval must be obtained for the personal investment transactions of all employees.
C.For confidentiality reasons, personal transactions and holdings should not be reported to employers unless mandated by regulatory organizations.
解释：
C is correct.
This question asks about compliance procedures relating to personal investments of members and candidates. The statement in answer C clearly conflicts with the recommended procedures in the Standards of Practice Handbook. Employers should compare personal transactions of employees with those of clients on a regular basis regardless of the existence of a requirement by any regulatory organization. Such comparisons ensure that employees’ personal trades do not conflict with their duty to their clients, and the comparisons can be conducted in a confidential manner. The statement in answer A does not conflict with the procedures in the Handbook. Disclosure of such policies will give full information to clients regarding potential conflicts of interest on the part of those entrusted to manage their money. Answer B is incorrect because firms are encouraged to establish policies whereby employees clear their personal holdings and transactions with their employers.
在准则中有规定，个人的投资也要披露吗？难道私人投资策略不是隐私吗
A选项怎么理解？
