Q4. Which of the following is part of the ethical responsibilities related to the Asset Manager Code?

A)   Employing qualified staff.

B)   Appointing a compliance officer.

C)   Communicating with clients on a regular basis.

Q5. Which of the following is NOT part of the ethical responsibilities related to the Asset Manager Code of Professional Conduct?

A)   Act in an objective manner.

B)   Communicate with clients in an accurate manner.

C)   Do not engage in market manipulation of security prices.

答案和详解如下：

Q4. Which of the following is part of the ethical responsibilities related to the Asset Manager Code?

A)   Employing qualified staff.

B)   Appointing a compliance officer.

C)   Communicating with clients on a regular basis.

Correct answer is C)

The ethical responsibilities related to the Asset Manager Code are:

§     Always act ethically and professionally;

§     Act in the best interest of the client;

§     Act in an objective and independent manner;

§     Perform actions using skill, competence, and diligence;

§     Communicate accurately with clients on a regular basis; and

§     Comply with all legal and regulatory requirements.

The other answer choices listed relate to the specific section of the Code dealing with Compliance and Support.

Q5. Which of the following is NOT part of the ethical responsibilities related to the Asset Manager Code of Professional Conduct?

A)   Act in an objective manner.

B)   Communicate with clients in an accurate manner.

C)   Do not engage in market manipulation of security prices.

Correct answer is C)

The ethical responsibilities related to the Code are:

§     Always act ethically and professionally;

§     Act in the best interest of the client;

§     Act in an objective and independent manner;

§     Perform actions using skill, competence, and diligence;

§     Communicate accurately with clients on a regular basis; and

§     Comply with all legal and regulatory requirements.

Not engaging in market manipulation of security prices is part of the Investment Process and Actions section of the Code and is not considered one of the ethical responsibilities.