Code of Ethics and Standards

of Professional Conduct

By: Tommy Zhu, CFA, CFP®, CWM

Jakarta - 2018

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Good ethics is a fundamental

requirement of the investment
profession.

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 Kode Etik Wakil Pialang Berjangka
Perilaku Profesi Wakil Pialang Berjangka

• Menghindari perilaku tidak pantas atau tidak patut yang dapat merendahkan citra
dan kehormatan diri sendiri maupun industri perdagangan berjangka komoditi
menurut pandangan etika dan norma yang berlaku dalam masyarakat.
• Menjaga nama baik industri Perdagangan Berjangka Komoditi khususnya
perusahaan Pialang Berjangka yang mempekerjakannya.
• Dilarang bekerja rangkap di Perusahaan Pialang Berjangka lainnya.
• Memahami dan mematuhi peraturan di bidang Perdagangan Berjangka Komoditi
dan peraturan perundang-undangan lainnya.
• Bertindak dan bersikap profesional serta mempunyai wawasan yang luas
khususnya dibidang Perdagangan Berjangka Komoditi.
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Kode Etik Wakil Pialang Berjangka

Hubungan antar Profesi Wakil Pialang Berjangka
• Hubungan antara sesama Wakil Pialang Berjangka harus dilandasi sikap
saling menghormati dan saling menghargai.

• Menghindari perbuatan yang berpotensi melanggar peraturan perundang-

undangan.

• Mengedepankan moralitas, bertanggungjawab, jujur, terbuka dan mentaati

sistem dan prosedur secara konsisten termasuk peraturan perundang-
undangan yang berlaku serta menjunjung tinggi profesionalisme.

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 Kode Etik Wakil Pialang Berjangka
Hubungan Dengan Nasabah
• Bersikap profesional dengan mengedepankan moralitas,
bertanggungjawab, jujur, terbuka dan mentaati sistem dan prosedur
secara konsisten termasuk peraturan perundang-undangan yang
berlaku.
• Memberikan keterangan yang tidak menyesatkan kepada Nasabah
• Menjunjung tinggi prinsip Know Your Customer dalam menerima
Nasabah.

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CWM Code of Ethics

• Memberikan jasanya dengan penuh INTEGRITAS
• Bersikap OBJEKTIF dan TRANSPARAN dalam memberikan jasa
profesionalnya kepada nasabah
• Memberikan layanan dengan penuh KEAHLIAN dan pemahaman penuh
mengenai kebutuhan nasabah
• Tidak boleh mis-selling dan melakukan tindakan yang mencemarkan nama
baik dari institusi yang diwakilinya
• Mengikuti dan menjalankan peraturan lokal yang berlaku
• Menjaga KERAHASIAAN nasabah
• Menjalankan proses Wealth Management dengan benar dan tepat
• Menyelesaikan keluhan nasabah dengan cepat dan tepat

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 CFP Code of Ethics
• Integrity: perlu kejujuran yang tidak tunduk pada keuntungan semata
• Objectivity: selalu obyektif
• Competence: memiliki kompetensi (pengetahuan dan kemampuan)
• Fairness: adil dan memperlakukan pihak lain seperti diri sendiri
• Confidentiality: menjaga kerahasiaan nasabah
• Professionalism: sikap dan tindakan harus selalu menjaga nama baik
profesi dan layanan kepada masyarakat
• Diligence: pelayanan yang cepat dan lengkap

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CFA Institute Code of Ethics

• Act with integrity, competence, diligence, respect, and in an ethical
manner with the public, clients, prospective clients, employers,
employees, colleagues in the investment profession, and other
participants in the global capital markets.
• Place the integrity of the investment profession and the interests of
clients above their own personal interests.
• Use reasonable care and exercise independent professional judgment
when conducting investment analysis, making investment
recommendations, taking investment actions, and engaging in other
professional activities.

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 CFA Institute Code of Ethics
• Practice and encourage others to practice in a professional and ethical
manner that will reflect credit on themselves and the profession.
• Promote the integrity of, and uphold the rules governing, capital
markets.
• Maintain and improve their professional competence and strive to
maintain and improve the competence of other investment
professionals.

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Standards of Professional Conduct

• Professionalism
• Integrity
• Duties to Clients
• Duties to Employers
• Investment Analysis, Recommendations and Actions
• Conflict of Interest

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 #1: Professionalism
• Knowledge of the law: must understand and comply with all
applicable laws, rules and regulations. Must comply with the more
strict law, rule or regulation. Must not knowingly participate or assist
in and must dissociate from any violation of the laws, rules and
regulations.
• Independence and Objectivity: must use reasonable care and
judgment to achieve and maintain independence and objectivity in
their professional activities.
• Misrepresentation: must not knowingly make any misrepresentation
• Misconduct: must not engage in dishonesty, fraud, deceit
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#2: Integrity
• Material Nonpublic Information: must not act or cause others to act
on the information
• Market Manipulation: must not engage in practice that distort prices
or artificially inflate trading volume with the intent to mislead market
participants

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 #3: Duties to Clients
• Loyalty, Prudence and Care: must act for the benefit of clients, and
place clients’ interests before their own.
• Fair Dealing: must deal fairly and objectively with all clients
• Suitability: make a reasonable inquiry then determine if an
investment is suitable for the client
• Performance Presentation: must make reasonable efforts that it is
fair, accurate and complete
• Preservation of Confidentiality: must keep clients’ information
confidential unless required by law, concerns illegal activities, the
client permits.

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#4: Duties to Employers

• Loyalty: must act for the benefit of employer, do not cause harm to
employer.
• Additional Compensation Arrangements: must not accept additional
compensation that competes with or can create a conflict of interest
with employer, unless they obtain written consent form all parties
involved.
• Responsibilities of Supervisors: must make reasonable efforts to
detect and prevent violations of applicable laws, rules, regulations
and Code of Ethics by anyone subject to their supervision or
authority.

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 #5: Investment Analysis, Recommendations
and Actions
• Diligence and Reasonable Basis: exercise diligence, independence and
thoroughness in analysing, making recommendation and taking
investment action. Have a reasonable and adequate basis.
• Communication with Clients and Prospective Clients: must disclose
the principle of investment processes used, distinguish between fact
and opinion in the presentation of investment analysis and
recommendation.
• Record retention: must develop and maintain appropriate records to
support their investment analysis, recommendations, actions and
other communications with clients and prospective clients.

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#6: Conflicts of Interest

• Disclosure of Conflicts: must make full and fair disclosure of potential
conflicts of interest with clients and employers.
• Priority of Transactions: transactions for clients and employers must
have priority over personal.
• Referral fees: must disclose to employer and clients any
compensation or benefit received from, or paid to, others for the
recommendations

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THANK YOU

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