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Our code of ethics

Professionalism

•  Knowledge of the law

Every member shall: -

•  understand and comply with all applicable laws, rules, regulations and directives given by the government, regulatory authorities, licensing agencies and the KASIB;
•  not engage in conducts that constitute a violation of the laws relating to securities market in Kenya ;
•  if it has reasonable grounds to believe that imminent or ongoing activities are illegal or unethical, dissociate from the activities immediately and report any suspicious activities or transactions to the relevant authorities, and to KASIB;
•  in the case of apparent conflict or ambiguity in the applicable laws, immediately notify the relevant authority and KASIB of the conflict or ambiguity.

•  Independence and objectivity

While acting in the course of their profession, members shall not allow their judgments to be influenced by external factors or persons not related to the transactions involved, and every member shall: -

•  use reasonable care and judgment to achieve and maintain independence and objectivity in their professional activities;
•  use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions, and engaging in other professional activities;
•  not offer, solicit, or accept any gift, benefit, compensation, or consideration that reasonably could be expected to compromise their own or another person's independence and objectivity;
•  not deal in securities in a manner which contravenes rules of trading of NSE, relevant laws or in any manner prejudicial to the interest of their clients, investors and members of KASIB.

•  Misrepresentation

Every member shall: -

•  not knowingly or negligently give false statements relating to investment analysis, recommendations, actions and other professional activities;
•  have reasonable and adequate basis for any investment analysis, recommendation or action;
•  disclose to clients the basic format and general principles of the investment processes used to analyze investments, select securities and construct portfolios and shall promptly disclose any changes that might materially affect those processes;
•  act in good faith in all their dealings and/or communications with the clients, other professionals in the capital markets, the relevant authority, the NSE, KASIB and the public at large.