An integral part of the CFA Institute mission is to develop and administer codes, best practice guidelines, and standards to guide the investment industry. These standards help ensure all investment professionals place client interests first. Learn more about the codes that apply to you and use them to cultivate an environment of trust and integrity at your firm.
The Professional Standards group maintains and promotes adoption of professional standards such as the:
Workshop and Awareness Meetings
Session on Compliance and Implementation of GIPS® 2020
February 2021
CFA Society Pakistan organized an online session on 'Compliance and Implementation of GIPS 2020' for representatives of Asset Management Companies in Pakistan.
All the compliant firms who are undergoing transition, along with some of the firms who are potentially looking at compliance, were invited. The key focus of the workshop was on adoption of the Pooled Funds Report of GIPS 2020, as this will be the first time that GIPS compliant companies in Pakistan will be transiting to Pooled Funds Report instead of GIPS Composite Report with respect to mutual funds being managed by them.
The session was conducted by Ms. Karyn Vincent, CFA, CIPM, Senior Head, Global Industry Standards, CFA Institute, Mr. Eddie Chan, CFA CIPM MBA CMA, Director, Professional Conduct Enforcement and Global Industry Standards, CFA Institute, and Mr. Ali Hassan Khan, CFA, Head of Product Development, Al Meezan Investment Management Ltd. Mr. Nayyar Hussain, Director, SCD Division, SECP gave concluding remarks at the session.
Workshop on Global Investment Performance Standards (GIPS®) and Awareness Meetings
February 2020
Ms. Karyn Vincent, CFA, Senior Head, Global Industry Standards (GIS) at CFA Institute and Mr. Eddie Chan, CFA, Director Professional Conduct Enforcement and Global Industry Standards visited Pakistan to conduct workshops on Global Investment Performance Standards (GIPS®) and Asset Manager Code by CFA Institute, for representatives of several Asset Management Companies and other financial institutions.
As part of our advocacy and outreach efforts, meetings were arranged for the visiting CFA Institute staff with local regulators, insurance Companies, government owned organizations, asset management companies and other industry associates to create awareness about the GIPS® (Global Investment Performance Standards) 2020 and the Asset Manager Code by CFA Institute. These organizations included:
- Securities and Exchange Commission of Pakistan
- Pakistan Stock Exchange
- Pakistan Institute of Corporate Governance
- Mutual Funds Association of Pakistan
- Employees Old-Age Benefits Institution
- Punjab Pension Fund
- National Investment Trust Limited
- Allied Bank Limited
- EDU Life Assurance Limited
- State Life Insurance Corporation
- Jubilee Life Insurance Company Limited
Round Tables
GIPS® Roundtable
2021
A GIPS ® roundtable was also conducted by CFA Society Pakistan in collaboration with CFA Institute featuring representatives from regulators in the country in early 2021. The purpose was to promote discourse on key governance issues in investment management sector and encourage due course of action in the future.
Roundtable for Asset Manager Code
February 2020
A Roundtable on the Asset Manager Code was organized by CFA Society Pakistan for representatives from several Asset Management Companies, Banks and Insurance companies. This interactive session was conducted by Mr. Eddie Chan, CFA, Director Professional Conduct Enforcement and Global Industry Standards and Ms. Karyn D. Vincent, CFA, Senior Head, Global Industry Standards (GIS) and facilitated by Mr. Mohammad Shoaib, CFA, Director CFA Society Pakistan.
We strongly believe that a greater adoption of the Asset Manager Code will help in creating a distinctive edge for local financial institutions as firms that commit to common ethical principles.
Resources for Investors
CFA Institute developed this library of articles and multimedia resources to educate investors on how to make informed decisions.