{"id":11452,"date":"2026-09-24T09:00:00","date_gmt":"2026-09-24T00:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/?p=11452"},"modified":"2026-09-24T18:39:25","modified_gmt":"2026-09-24T09:39:25","slug":"cfa-l3-ethics-glossary","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/24\/cfa-l3-ethics-glossary\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L3 Ethics \u7528\u8a9e\u96c6\u3011Ethical and Professional Standards \u306e\u91cd\u8981\u7528\u8a9e74\u8a9e\uff5c\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u3092\u5358\u5143\u5225\u306b\u6574\u7406"},"content":{"rendered":"<style> .cfagl-nav{background:#f6f7fb;border-radius:6px;padding:1em 1.2em;margin:1em 0;line-height:1.9;word-break:normal;overflow-wrap:anywhere} .cfagl-nav a{display:block;margin:.15em 0} .cfagl-lm{font-size:.9em;margin:.2em 0 1em} .cfagl-t{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.75em 1em;margin:0 0 .8em;background:#fff} .cfagl-t .en{display:block;font-weight:bold;color:#172152;line-height:1.5;word-break:normal;overflow-wrap:anywhere} .cfagl-t .ja{display:block;font-size:.9em;color:#555;margin:.15em 0 .4em;line-height:1.5} .cfagl-t .df{display:block;line-height:1.75} .cfafm-c{border:1px solid #d5d9e3;border-top:4px solid #172152;border-radius:4px;padding:.9em 1em;margin:0 0 1.2em;background:#fff} .cfafm-c .nm{display:block;font-weight:bold;color:#172152;line-height:1.5} .cfafm-c .ne{display:block;font-size:.85em;color:#667;margin-bottom:.5em;word-break:normal;overflow-wrap:anywhere} .cfafm-x{background:#f6f7fb;border-radius:4px;padding:.6em .8em;margin:.4em 0 .7em;overflow-x:auto;overflow-y:hidden;-webkit-overflow-scrolling:touch} .cfafm-x .katex-display{margin:.3em 0!important} .cfafm-lg{margin:.3em 0 .6em;padding:0;font-size:.92em} .cfafm-lg div{display:flex;gap:.8em;padding:.25em 0;border-bottom:1px dotted #d5d9e3;line-height:1.6} .cfafm-lg .s{flex:0 0 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class=\"box05\">CFA\u00ae\ufe0e Level 3\u300cEthical and Professional Standards\uff08\u502b\u7406\u30fb\u8077\u696d\u884c\u70ba\u57fa\u6e96\uff09\u300d\u3067\u4f7f\u308f\u308c\u308b\u91cd\u8981\u7528\u8a9e\u3092\u3001\u5b66\u7fd2\u5358\u5143\uff08Learning Module\uff09\u3054\u3068\u306b<strong>\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473<\/strong>\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002\u516810\u5358\u5143\u30fb74\u8a9e\u3092\u53ce\u9332\u3057\u3066\u3044\u307e\u3059\u3002\u82f1\u8a9e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u3092\u8aad\u3080\u3068\u304d\u306e\u8f9e\u66f8\u4ee3\u308f\u308a\u306b\u304a\u4f7f\u3044\u304f\u3060\u3055\u3044\u3002<\/div>\n<div class=\"cfagl-lsc\"><b>Leveraged Support Course \u3092\u3054\u5229\u7528\u306e\u65b9\u3078<\/b>FA-Academy \u306e Leveraged Support Course\uff08LSC\uff09\u3092\u3054\u5229\u7528\u306e\u65b9\u306b\u306f\u3001\u3053\u306e\u7528\u8a9e\u96c6\u3068\u516c\u5f0f\u96c6\u3092\u30ec\u30d9\u30eb\u5225\u306b\u6574\u7406\u3057\u305f\u8cc7\u6599\uff08PDF\uff09\u3092\u304a\u6e21\u3057\u3057\u3066\u3044\u307e\u3059\u3002\u30aa\u30d5\u30e9\u30a4\u30f3\u3067\u306e\u78ba\u8a8d\u3084\u8a66\u9a13\u76f4\u524d\u306e\u898b\u76f4\u3057\u306b\u3054\u6d3b\u7528\u304f\u3060\u3055\u3044\u3002<a href=\"https:\/\/triumphmind.com\/cfa\/gokuhi\/\">Level 3 Leveraged Support Course \u306e\u8a73\u7d30\u3092\u898b\u308b<\/a><\/div>\n<h2>\u5358\u5143\uff08LM\uff09\u4e00\u89a7<\/h2>\n<div class=\"cfagl-nav\"><a href=\"#l3-ethics-g-lm1\">LM1 \u502b\u7406\u898f\u7bc4\u3068\u8077\u696d\u884c\u70ba\u57fa\u6e96<\/a><a href=\"#l3-ethics-g-lm2\">LM2 \u57fa\u6e96I\uff1a\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30ea\u30ba\u30e0<\/a><a href=\"#l3-ethics-g-lm3\">LM3 \u57fa\u6e96II\uff1a\u8cc7\u672c\u5e02\u5834\u306e\u5065\u5168\u6027<\/a><a href=\"#l3-ethics-g-lm4\">LM4 \u57fa\u6e96III\uff1a\u9867\u5ba2\u306b\u5bfe\u3059\u308b\u7fa9\u52d9<\/a><a href=\"#l3-ethics-g-lm5\">LM5 \u57fa\u6e96IV\uff1a\u96c7\u7528\u4e3b\u306b\u5bfe\u3059\u308b\u7fa9\u52d9<\/a><a href=\"#l3-ethics-g-lm6\">LM6 \u57fa\u6e96V\uff1a\u6295\u8cc7\u5206\u6790\u30fb\u63a8\u5968\u30fb\u884c\u52d5<\/a><a href=\"#l3-ethics-g-lm7\">LM7 \u57fa\u6e96VI\uff1a\u5229\u76ca\u76f8\u53cd<\/a><a href=\"#l3-ethics-g-lm8\">LM8 \u57fa\u6e96VII\uff1aCFA\u5354\u4f1a\u4f1a\u54e1\u30fb\u53d7\u9a13\u8005\u3068\u3057\u3066\u306e\u8cac\u4efb<\/a><a href=\"#l3-ethics-g-lm9\">LM9 \u502b\u7406\u898f\u7bc4\u30fb\u57fa\u6e96\u306e\u9069\u7528\uff1aLevel III<\/a><a href=\"#l3-ethics-g-lm10\">LM10 \u8cc7\u7523\u904b\u7528\u4f1a\u793e\u884c\u70ba\u898f\u7bc4\uff08Asset Manager Code\uff09<\/a><\/div>\n<h2>Ethics \u306e\u91cd\u8981\u7528\u8a9e\uff08LM\u5225\uff09<\/h2>\n<h3 id=\"l3-ethics-g-lm1\">LM1 Code of Ethics and Standards of Professional Conduct\uff08\u502b\u7406\u898f\u7bc4\u3068\u8077\u696d\u884c\u70ba\u57fa\u6e96\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm1\/\">LM1 \u502b\u7406\u898f\u7bc4\u3068\u8077\u696d\u884c\u70ba\u57fa\u6e96<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Code of Ethics<\/div>\n<div class=\"ja\">\u502b\u7406\u898f\u7bc4<\/div>\n<div class=\"df\">CFA\u5354\u4f1a\u306e\u4f1a\u54e1\u30fb\u53d7\u9a13\u8005\u306e\u8077\u696d\u4e0a\u306e\u884c\u52d5\u3092\u5f8b\u3059\u308b6\u3064\u306e\u539f\u5247\u3002\u6295\u8cc7\u5c02\u9580\u8077\u306e\u8aa0\u5b9f\u6027\u3068\u9867\u5ba2\u306e\u5229\u76ca\u3092\u81ea\u5df1\u306e\u5229\u76ca\u3088\u308a\u512a\u5148\u3057\u3001\u72ec\u7acb\u3057\u305f\u5224\u65ad\u3068\u8cc7\u672c\u5e02\u5834\u306e\u5065\u5168\u6027\u3092\u91cd\u3093\u3058\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standards of Professional Conduct<\/div>\n<div class=\"ja\">\u8077\u696d\u884c\u70ba\u57fa\u6e96<\/div>\n<div class=\"df\">\u502b\u7406\u898f\u7bc4\u3092\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\u3084\u30a6\u30a7\u30eb\u30b9\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306a\u3069\u5b9f\u52d9\u306e\u5834\u9762\u306b\u843d\u3068\u3057\u8fbc\u3093\u30607\u3064\u306e\u57fa\u6e96\u3068\u4e0b\u4f4d\u9805\u76ee\u3002\u6cd5\u4ee4\u3068\u7570\u306a\u308b\u5834\u5408\u306f\u3088\u308a\u53b3\u3057\u3044\u65b9\u306b\u5f93\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Professional Conduct Program (PCP)<\/div>\n<div class=\"ja\">\u8077\u696d\u884c\u70ba\u30d7\u30ed\u30b0\u30e9\u30e0<\/div>\n<div class=\"df\">\u502b\u7406\u898f\u7bc4\u3068\u8077\u696d\u884c\u70ba\u57fa\u6e96\u306e\u9806\u5b88\u3092\u62c5\u4fdd\u3059\u308bCFA\u5354\u4f1a\u306e\u57f7\u884c\u5236\u5ea6\u3002\u9055\u53cd\u306e\u7591\u3044\u306b\u3064\u3044\u3066\u8077\u696d\u884c\u70ba\u30b9\u30bf\u30c3\u30d5\u304c\u8abf\u67fb\u3057\u3001\u51e6\u5206\u306e\u8981\u5426\u3092\u5224\u65ad\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Disciplinary Review Committee (DRC)<\/div>\n<div class=\"ja\">\u61f2\u6212\u5be9\u67fb\u59d4\u54e1\u4f1a<\/div>\n<div class=\"df\">\u8077\u696d\u884c\u70ba\u30b9\u30bf\u30c3\u30d5\u306b\u3088\u308b\u8abf\u67fb\u3068\u51e6\u5206\u5224\u65ad\u3092\u76e3\u7763\u3059\u308bCFA\u5354\u4f1a\u306e\u59d4\u54e1\u4f1a\u3002\u61f2\u6212\u5be9\u67fb\u30d7\u30ed\u30bb\u30b9\u5168\u4f53\u306e\u516c\u6b63\u3055\u3092\u62c5\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Professional Conduct Statement<\/div>\n<div class=\"ja\">\u8077\u696d\u884c\u70ba\u58f0\u660e<\/div>\n<div class=\"df\">\u4f1a\u54e1\u30fb\u53d7\u9a13\u8005\u304c\u8077\u696d\u4e0a\u306e\u884c\u70ba\u306b\u3064\u3044\u3066\u6bce\u5e74\u884c\u3046\u7533\u544a\u3002\u305d\u3053\u3067\u306e\u81ea\u5df1\u7533\u544a\u306f\u3001\u66f8\u9762\u306e\u82e6\u60c5\u3084\u516c\u958b\u60c5\u5831\u3068\u4e26\u3076\u8abf\u67fb\u306e\u7aef\u7dd2\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Hearing Panel<\/div>\n<div class=\"ja\">\u5be9\u554f\u30d1\u30cd\u30eb<\/div>\n<div class=\"df\">\u61f2\u6212\u5be9\u67fb\u30d7\u30ed\u30bb\u30b9\u3067\u51e6\u5206\u6848\u306b\u5f53\u4e8b\u8005\u304c\u540c\u610f\u3057\u306a\u3044\u5834\u5408\u306b\u3001\u9055\u53cd\u306e\u6709\u7121\u3068\u79d1\u3059\u3079\u304d\u51e6\u5206\u306b\u3064\u3044\u3066\u6700\u7d42\u7684\u306a\u5224\u65ad\u3092\u4e0b\u3059\u5408\u8b70\u4f53\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Sanctions<\/div>\n<div class=\"ja\">\u61f2\u6212\u51e6\u5206<\/div>\n<div class=\"df\">\u9055\u53cd\u304c\u8a8d\u3081\u3089\u308c\u305f\u4f1a\u54e1\u30fb\u53d7\u9a13\u8005\u306b\u79d1\u3055\u308c\u308b\u63aa\u7f6e\u3002\u516c\u958b\u8b74\u8cac\u3001\u4f1a\u54e1\u8cc7\u683c\u30fb\u79f0\u53f7\u4f7f\u7528\u306e\u505c\u6b62\u3001\u30c1\u30e3\u30fc\u30bf\u30fc\u306e\u5265\u596a\u3001\u53d7\u9a13\u8005\u306eCFA\u30d7\u30ed\u30b0\u30e9\u30e0\u3078\u306e\u53c2\u52a0\u505c\u6b62\u30fb\u7981\u6b62\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm2\">LM2 Guidance for Standard I: Professionalism\uff08\u57fa\u6e96I\uff1a\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30ea\u30ba\u30e0\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm2\/\">LM2 \u57fa\u6e96I\uff1a\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30ea\u30ba\u30e0<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard I(A) Knowledge of the Law<\/div>\n<div class=\"ja\">\u57fa\u6e96I(A) \u6cd5\u4ee4\u306e\u77e5\u8b58<\/div>\n<div class=\"df\">\u9069\u7528\u3055\u308c\u308b\u6cd5\u4ee4\u30fb\u898f\u5247\u3092\u7406\u89e3\u3057\u3066\u9806\u5b88\u3057\u3001\u57fa\u6e96\u3068\u306e\u9593\u3067\u6700\u3082\u53b3\u3057\u3044\u3082\u306e\u306b\u5f93\u3046\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u9055\u53cd\u306b\u95a2\u4e0e\u305b\u305a\u3001\u9055\u53cd\u304b\u3089\u306f\u96e2\u8131\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard I(B) Independence and Objectivity<\/div>\n<div class=\"ja\">\u57fa\u6e96I(B) \u72ec\u7acb\u6027\u3068\u5ba2\u89b3\u6027<\/div>\n<div class=\"df\">\u9867\u5ba2\u3001\u8a3c\u5238\u4f1a\u793e\u3001\u767a\u884c\u4f53\u3001\u8ca9\u58f2\u4f1a\u793e\u306a\u3069\u304b\u3089\u306e\u5727\u529b\u3084\u63a5\u5f85\u30fb\u4fbf\u76ca\u306b\u3088\u3063\u3066\u904b\u7528\u5224\u65ad\u3092\u6b6a\u3081\u306a\u3044\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard I(C) Misrepresentation<\/div>\n<div class=\"ja\">\u57fa\u6e96I(C) \u4e0d\u5b9f\u8868\u793a<\/div>\n<div class=\"df\">\u904b\u7528\u6210\u7e3e\u30fb\u63d0\u4f9b\u30b5\u30fc\u30d3\u30b9\u30fb\u8cc7\u683c\u306a\u3069\u306b\u3064\u3044\u3066\u3001\u8a87\u5f35\u3084\u91cd\u8981\u4e8b\u9805\u306e\u7701\u7565\u3092\u542b\u3080\u8aa4\u3063\u305f\u8868\u793a\u3092\u7981\u3058\u308b\u57fa\u6e96\u3002\u30bd\u30fc\u30b7\u30e3\u30eb\u30e1\u30c7\u30a3\u30a2\u3084\u7b2c\u4e09\u8005\u8cc7\u6599\u306e\u5229\u7528\u6642\u3082\u6b63\u78ba\u6027\u304c\u6c42\u3081\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard I(D) Misconduct<\/div>\n<div class=\"ja\">\u57fa\u6e96I(D) \u4e0d\u6b63\u884c\u70ba<\/div>\n<div class=\"df\">\u4e0d\u8aa0\u5b9f\u30fb\u8a50\u6b3a\u30fb\u6b3a\u779e\u3092\u4f34\u3046\u884c\u70ba\u3084\u3001\u8077\u696d\u4e0a\u306e\u8a55\u5224\u30fb\u8aa0\u5b9f\u6027\u30fb\u80fd\u529b\u3092\u640d\u306a\u3046\u884c\u70ba\u3092\u7981\u3058\u308b\u57fa\u6e96\u3002\u8077\u52d9\u306e\u5185\u5916\u3092\u554f\u308f\u305a\u3001\u8077\u696d\u4e0a\u306e\u4fe1\u7528\u3078\u306e\u5f71\u97ff\u3067\u5224\u65ad\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard I(E) Competence<\/div>\n<div class=\"ja\">\u57fa\u6e96I(E) \u5c02\u9580\u80fd\u529b<\/div>\n<div class=\"df\">\u62c5\u5f53\u3059\u308b\u6226\u7565\u3084\u5546\u54c1\u306b\u5fc5\u8981\u306a\u80fd\u529b\u3092\u5099\u3048\u3001\u65b0\u3057\u3044\u6295\u8cc7\u624b\u6cd5\u3084\u5546\u54c1\u3092\u6271\u3046\u524d\u63d0\u3068\u3057\u3066\u7dad\u6301\u30fb\u5411\u4e0a\u3055\u305b\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cross-Border Application of Laws<\/div>\n<div class=\"ja\">\u56fd\u5883\u3092\u8d8a\u3048\u305f\u696d\u52d9\u3067\u306e\u6cd5\u4ee4\u306e\u9069\u7528<\/div>\n<div class=\"df\">\u8907\u6570\u306e\u56fd\u306b\u307e\u305f\u304c\u3063\u3066\u696d\u52d9\u3092\u884c\u3046\u5834\u5408\u306b\u3001CFA\u5354\u4f1a\u306e\u57fa\u6e96\u3001\u5c45\u4f4f\u56fd\u306e\u6cd5\u4ee4\u3001\u696d\u52d9\u3092\u884c\u3046\u56fd\u306e\u6cd5\u4ee4\u306e\u3046\u3061\u6700\u3082\u53b3\u3057\u3044\u3082\u306e\u306b\u5f93\u3046\u3068\u3044\u3046\u539f\u5247\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Dissociation<\/div>\n<div class=\"ja\">\u96e2\u8131\uff08\u30c7\u30a3\u30bd\u30b7\u30a8\u30fc\u30b7\u30e7\u30f3\uff09<\/div>\n<div class=\"df\">\u9055\u6cd5\u30fb\u975e\u502b\u7406\u7684\u306a\u6d3b\u52d5\u3078\u306e\u95a2\u4e0e\u306b\u6c17\u3065\u3044\u305f\u969b\u306b\u3001\u305d\u306e\u6d3b\u52d5\u304b\u3089\u624b\u3092\u5f15\u304f\u3053\u3068\u3002\u9055\u53cd\u3092\u77e5\u308a\u306a\u304c\u3089\u95a2\u4e0e\u3092\u7d9a\u3051\u308b\u3053\u3068\u306f\u57fa\u6e96I(A)\u306b\u53cd\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Plagiarism<\/div>\n<div class=\"ja\">\u76d7\u7528<\/div>\n<div class=\"df\">\u7b2c\u4e09\u8005\u306e\u8cc7\u6599\u3084\u5206\u6790\u3092\u51fa\u5178\u3092\u793a\u3055\u305a\u81ea\u3089\u306e\u3082\u306e\u3068\u3057\u3066\u7528\u3044\u308b\u884c\u70ba\u3002\u8cc7\u6599\u4f5c\u6210\u6642\u306b\u51fa\u5178\u3092\u660e\u793a\u3059\u308b\u624b\u7d9a\u306b\u3088\u3063\u3066\u9632\u6b62\u3059\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm3\">LM3 Guidance for Standard II: Integrity of Capital Markets\uff08\u57fa\u6e96II\uff1a\u8cc7\u672c\u5e02\u5834\u306e\u5065\u5168\u6027\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm3\/\">LM3 \u57fa\u6e96II\uff1a\u8cc7\u672c\u5e02\u5834\u306e\u5065\u5168\u6027<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard II(A) Material Nonpublic Information<\/div>\n<div class=\"ja\">\u57fa\u6e96II(A) \u91cd\u8981\u306a\u672a\u516c\u8868\u60c5\u5831<\/div>\n<div class=\"df\">\u91cd\u8981\u306a\u672a\u516c\u8868\u60c5\u5831\u306b\u57fa\u3065\u304f\u58f2\u8cb7\u30fb\u63a8\u5968\u30fb\u4f1d\u9054\u3092\u7981\u3058\u308b\u57fa\u6e96\u3002\u904b\u7528\u62c5\u5f53\u8005\u304c\u60c5\u5831\u3092\u5f97\u305f\u5834\u5408\u306f\u53d6\u5f15\u3092\u63a7\u3048\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u90e8\u9580\u306b\u5831\u544a\u3057\u3001\u516c\u8868\u3092\u4fc3\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Material Information<\/div>\n<div class=\"ja\">\u91cd\u8981\u306a\u60c5\u5831<\/div>\n<div class=\"df\">\u516c\u8868\u3055\u308c\u308c\u3070\u8a3c\u5238\u4fa1\u683c\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3001\u307e\u305f\u306f\u5408\u7406\u7684\u306a\u6295\u8cc7\u5bb6\u304c\u5224\u65ad\u6750\u6599\u3068\u3057\u3066\u91cd\u8996\u3059\u308b\u60c5\u5831\u3002\u91cd\u8981\u6027\u306e\u5224\u65ad\u306b\u306f\u60c5\u5831\u6e90\u306e\u4fe1\u983c\u6027\u3082\u95a2\u308f\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Mosaic Theory<\/div>\n<div class=\"ja\">\u30e2\u30b6\u30a4\u30af\u7406\u8ad6<\/div>\n<div class=\"df\">\u516c\u958b\u60c5\u5831\u3068\u91cd\u8981\u3067\u306a\u3044\u672a\u516c\u8868\u60c5\u5831\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u5206\u6790\u304b\u3089\u5f97\u305f\u7d50\u8ad6\u306f\u3001\u91cd\u8981\u306a\u672a\u516c\u8868\u60c5\u5831\u306b\u76f8\u5f53\u3057\u3066\u3082\u5229\u7528\u3067\u304d\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u3002\u6b63\u5f53\u306a\u8abf\u67fb\u6d3b\u52d5\u3068\u3057\u3066\u8a8d\u3081\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard II(B) Market Manipulation<\/div>\n<div class=\"ja\">\u57fa\u6e96II(B) \u76f8\u5834\u64cd\u7e26<\/div>\n<div class=\"df\">\u5e02\u5834\u53c2\u52a0\u8005\u3092\u6b3a\u304f\u610f\u56f3\u3067\u4fa1\u683c\u30fb\u51fa\u6765\u9ad8\u3092\u6b6a\u3081\u308b\u884c\u70ba\u3092\u7981\u3058\u308b\u57fa\u6e96\u3002\u5927\u53e3\u53d6\u5f15\u306b\u3088\u308b\u4fa1\u683c\u652f\u914d\u3082\u8a72\u5f53\u3057\u5f97\u308b\u304c\u3001\u6b3a\u304f\u610f\u56f3\u306e\u306a\u3044\u6b63\u5f53\u306a\u53d6\u5f15\u6226\u7565\u306f\u5bfe\u8c61\u5916\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Firewall<\/div>\n<div class=\"ja\">\u60c5\u5831\u9694\u58c1\uff08\u30d5\u30a1\u30a4\u30a2\u30a6\u30a9\u30fc\u30eb\uff09<\/div>\n<div class=\"df\">\u90e8\u9580\u9593\u306e\u60c5\u5831\u4f1d\u9054\u3092\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u90e8\u9580\u306e\u7ba1\u7406\u4e0b\u306b\u7f6e\u304d\u3001\u91cd\u8981\u306a\u672a\u516c\u8868\u60c5\u5831\u306e\u6d41\u51fa\u3092\u9632\u3050\u4ed5\u7d44\u307f\u3002\u898f\u6a21\u306e\u5c0f\u3055\u3044\u4f1a\u793e\u3067\u3082\u540c\u7b49\u306e\u52b9\u679c\u3092\u6301\u3064\u624b\u7d9a\u304c\u5fc5\u8981\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Restricted List<\/div>\n<div class=\"ja\">\u5236\u9650\u30ea\u30b9\u30c8<\/div>\n<div class=\"df\">\u91cd\u8981\u306a\u672a\u516c\u8868\u60c5\u5831\u3092\u4fdd\u6709\u3059\u308b\u304a\u305d\u308c\u306e\u3042\u308b\u9298\u67c4\u306b\u3064\u3044\u3066\u3001\u5f93\u696d\u54e1\u306e\u500b\u4eba\u53d6\u5f15\u30fb\u81ea\u5df1\u52d8\u5b9a\u53d6\u5f15\u3084\u9867\u5ba2\u3078\u306e\u63a8\u5968\u3092\u5236\u9650\u3059\u308b\u793e\u5185\u30ea\u30b9\u30c8\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Watch List<\/div>\n<div class=\"ja\">\u76e3\u8996\u30ea\u30b9\u30c8<\/div>\n<div class=\"df\">\u91cd\u8981\u306a\u672a\u516c\u8868\u60c5\u5831\u306b\u95a2\u308f\u308b\u304a\u305d\u308c\u306e\u3042\u308b\u9298\u67c4\u3092\u793e\u5916\u306b\u77e5\u3089\u305b\u305a\u306b\u7ba1\u7406\u3057\u3001\u5f93\u696d\u54e1\u306e\u53d6\u5f15\u306b\u4e0d\u5be9\u306a\u52d5\u304d\u304c\u306a\u3044\u304b\u3092\u76e3\u8996\u3059\u308b\u305f\u3081\u306e\u30ea\u30b9\u30c8\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm4\">LM4 Guidance for Standard III: Duties to Clients\uff08\u57fa\u6e96III\uff1a\u9867\u5ba2\u306b\u5bfe\u3059\u308b\u7fa9\u52d9\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm4\/\">LM4 \u57fa\u6e96III\uff1a\u9867\u5ba2\u306b\u5bfe\u3059\u308b\u7fa9\u52d9<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard III(A) Loyalty, Prudence, and Care<\/div>\n<div class=\"ja\">\u57fa\u6e96III(A) \u5fe0\u5b9f\u30fb\u614e\u91cd\u30fb\u6ce8\u610f<\/div>\n<div class=\"df\">\u6cd5\u4ee4\u4e0a\u306e\u53d7\u8a17\u8005\u8cac\u4efb\u306e\u6709\u7121\u306b\u304b\u304b\u308f\u3089\u305a\u3001\u9867\u5ba2\u306e\u5229\u76ca\u3092\u5e38\u306b\u512a\u5148\u3057\u3001\u5408\u7406\u7684\u306a\u6ce8\u610f\u3068\u614e\u91cd\u306a\u5224\u65ad\u3067\u884c\u52d5\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u53d7\u76ca\u8005\u3092\u542b\u3081\u7fa9\u52d9\u3092\u8ca0\u3046\u76f8\u624b\u306e\u7406\u89e3\u304c\u524d\u63d0\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard III(B) Fair Dealing<\/div>\n<div class=\"ja\">\u57fa\u6e96III(B) \u516c\u6b63\u306a\u53d6\u6271\u3044<\/div>\n<div class=\"df\">\u63a8\u5968\u306e\u4f1d\u9054\u3068\u6295\u8cc7\u884c\u52d5\u306e\u4e21\u9762\u3067\u9867\u5ba2\u3092\u516c\u6b63\u306b\u6271\u3046\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u4eba\u6c17IPO\u3092\u7279\u5b9a\u306e\u9867\u5ba2\u3084\u81ea\u5df1\u53e3\u5ea7\u306b\u512a\u5148\u914d\u5206\u3059\u308b\u306a\u3069\u3001\u4e00\u90e8\u3092\u6709\u5229\u306b\u3059\u308b\u53d6\u5f15\u914d\u5206\u3092\u7981\u3058\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard III(C) Suitability<\/div>\n<div class=\"ja\">\u57fa\u6e96III(C) \u9069\u5408\u6027<\/div>\n<div class=\"df\">\u500b\u5225\u306e\u6295\u8cc7\u3067\u306f\u306a\u304f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306e\u6587\u8108\u3067\u3001\u9867\u5ba2\u306e\u76ee\u7684\u3068\u5236\u7d04\u306b\u7167\u3089\u3057\u305f\u9069\u5408\u6027\u3092\u5224\u65ad\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u7279\u5b9a\u306e\u904b\u7528\u65b9\u91dd\u306b\u57fa\u3065\u304f\u5834\u5408\u306f\u305d\u306e\u65b9\u91dd\u304b\u3089\u9038\u8131\u3057\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard III(D) Performance Presentation<\/div>\n<div class=\"ja\">\u57fa\u6e96III(D) \u904b\u7528\u6210\u7e3e\u306e\u63d0\u793a<\/div>\n<div class=\"df\">\u904b\u7528\u6210\u7e3e\u306e\u60c5\u5831\u3092\u516c\u6b63\u30fb\u6b63\u78ba\u30fb\u5b8c\u5168\u306b\u793a\u3059\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u30b3\u30f3\u30dd\u30b8\u30c3\u30c8\u306b\u3088\u308b\u63d0\u793a\u3068\u5fc5\u8981\u306a\u958b\u793a\u304c\u63a8\u5968\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard III(E) Preservation of Confidentiality<\/div>\n<div class=\"ja\">\u57fa\u6e96III(E) \u5b88\u79d8\u7fa9\u52d9<\/div>\n<div class=\"df\">\u73fe\u5728\u30fb\u904e\u53bb\u30fb\u898b\u8fbc\u307f\u9867\u5ba2\u306e\u60c5\u5831\u3092\u5b88\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u9055\u6cd5\u884c\u70ba\u306b\u95a2\u308f\u308b\u60c5\u5831\u3001\u6cd5\u5f8b\u4e0a\u306e\u958b\u793a\u7fa9\u52d9\u3001\u9867\u5ba2\u306e\u8a31\u53ef\u306e\u5834\u5408\u3092\u9664\u304d\u958b\u793a\u3057\u3066\u306f\u306a\u3089\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Fiduciary Duty<\/div>\n<div class=\"ja\">\u53d7\u8a17\u8005\u8cac\u4efb<\/div>\n<div class=\"df\">\u4ed6\u8005\u306e\u8cc7\u7523\u3092\u9810\u304b\u308b\u8005\u304c\u6cd5\u4ee4\u4e0a\u8ca0\u3046\u3001\u53d7\u76ca\u8005\u306e\u5229\u76ca\u306e\u305f\u3081\u306b\u884c\u52d5\u3059\u308b\u7fa9\u52d9\u3002\u8077\u696d\u884c\u70ba\u57fa\u6e96\u4e0a\u306e\u5fe0\u5b9f\u30fb\u6ce8\u610f\u7fa9\u52d9\u306f\u3001\u3053\u306e\u6cd5\u7684\u7fa9\u52d9\u306e\u6709\u7121\u306b\u304b\u304b\u308f\u3089\u305a\u9069\u7528\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Best Execution<\/div>\n<div class=\"ja\">\u6700\u826f\u57f7\u884c<\/div>\n<div class=\"df\">\u53d6\u5f15\u30b3\u30b9\u30c8\u3084\u57f7\u884c\u306e\u8cea\u3092\u7dcf\u5408\u7684\u306b\u8003\u616e\u3057\u3001\u9867\u5ba2\u306b\u3068\u3063\u3066\u6700\u3082\u6709\u5229\u306a\u6761\u4ef6\u3067\u53d6\u5f15\u3092\u57f7\u884c\u3059\u308b\u3053\u3068\u3002\u9867\u5ba2\u3078\u306e\u5fe0\u5b9f\u7fa9\u52d9\u306e\u4e00\u90e8\u3092\u306a\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Client Brokerage<\/div>\n<div class=\"ja\">\u9867\u5ba2\u306e\u30d6\u30ed\u30fc\u30ab\u30ec\u30c3\u30b8<\/div>\n<div class=\"df\">\u9867\u5ba2\u306e\u53d6\u5f15\u3067\u751f\u3058\u308b\u58f2\u8cb7\u59d4\u8a17\u624b\u6570\u6599\u3002\u9867\u5ba2\u306e\u8cc7\u7523\u3067\u3042\u308a\u3001\u30bd\u30d5\u30c8\u30c0\u30e9\u30fc\u3068\u3057\u3066\u8abf\u67fb\u3084\u30b5\u30fc\u30d3\u30b9\u3092\u5f97\u308b\u5834\u5408\u3082\u3001\u305d\u306e\u9867\u5ba2\u306e\u5229\u76ca\u306b\u306a\u308b\u7528\u9014\u306b\u9650\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Global Investment Performance Standards (GIPS)<\/div>\n<div class=\"ja\">\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u57fa\u6e96<\/div>\n<div class=\"df\">\u904b\u7528\u4f1a\u793e\u304c\u6210\u7e3e\u3092\u7b97\u51fa\u30fb\u63d0\u793a\u3059\u308b\u969b\u306e\u56fd\u969b\u7684\u306a\u81ea\u4e3b\u57fa\u6e96\u3002\u6e96\u62e0\u306b\u3088\u308a\u6210\u7e3e\u306e\u6bd4\u8f03\u53ef\u80fd\u6027\u3068\u900f\u660e\u6027\u304c\u9ad8\u307e\u308a\u3001\u6210\u7e3e\u306e\u63d0\u793a\u3067\u9806\u5b88\u304c\u63a8\u5968\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Composite<\/div>\n<div class=\"ja\">\u30b3\u30f3\u30dd\u30b8\u30c3\u30c8<\/div>\n<div class=\"df\">\u540c\u69d8\u306e\u904b\u7528\u76ee\u7684\u30fb\u6226\u7565\u3092\u6301\u3064\u53e3\u5ea7\u3092\u307e\u3068\u3081\u305f\u96c6\u5408\u3002\u30b3\u30f3\u30dd\u30b8\u30c3\u30c8\u5358\u4f4d\u3067\u6210\u7e3e\u3092\u793a\u3059\u3053\u3068\u3067\u3001\u597d\u6210\u7e3e\u306e\u53e3\u5ea7\u3060\u3051\u3092\u9078\u3076\u63d0\u793a\u3092\u9632\u3050\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm5\">LM5 Guidance for Standard IV: Duties to Employers\uff08\u57fa\u6e96IV\uff1a\u96c7\u7528\u4e3b\u306b\u5bfe\u3059\u308b\u7fa9\u52d9\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm5\/\">LM5 \u57fa\u6e96IV\uff1a\u96c7\u7528\u4e3b\u306b\u5bfe\u3059\u308b\u7fa9\u52d9<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard IV(A) Loyalty<\/div>\n<div class=\"ja\">\u57fa\u6e96IV(A) \u5fe0\u5b9f\u7fa9\u52d9\uff08\u96c7\u7528\u4e3b\uff09<\/div>\n<div class=\"df\">\u96c7\u7528\u4e3b\u306e\u5229\u76ca\u306e\u305f\u3081\u306b\u6280\u80fd\u3092\u63d0\u4f9b\u3057\u3001\u6a5f\u5bc6\u60c5\u5831\u3092\u5b88\u308a\u3001\u7af6\u5408\u3059\u308b\u72ec\u7acb\u696d\u52d9\u306b\u306f\u540c\u610f\u3092\u5f97\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u9867\u5ba2\u3084\u5e02\u5834\u3078\u306e\u7fa9\u52d9\u3092\u640d\u306a\u308f\u306a\u3044\u7bc4\u56f2\u3067\u679c\u305f\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard IV(B) Additional Compensation Arrangements<\/div>\n<div class=\"ja\">\u57fa\u6e96IV(B) \u8ffd\u52a0\u7684\u5831\u916c\u306e\u53d6\u6c7a\u3081<\/div>\n<div class=\"df\">\u96c7\u7528\u4e3b\u3068\u7af6\u5408\u3057\u5f97\u308b\u5831\u916c\u30fb\u5229\u76ca\u306b\u3064\u3044\u3066\u3001\u4e8b\u524d\u306b\u66f8\u9762\u3067\u5831\u544a\u3057\u3001\u95a2\u4fc2\u8005\u5168\u54e1\u306e\u66f8\u9762\u540c\u610f\u3092\u5f97\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard IV(C) Responsibilities of Supervisors<\/div>\n<div class=\"ja\">\u57fa\u6e96IV(C) \u76e3\u7763\u8005\u306e\u8cac\u4efb<\/div>\n<div class=\"df\">\u76e3\u7763\u4e0b\u306e\u8005\u306b\u3088\u308b\u9055\u53cd\u3092\u9632\u304e\u3001\u767a\u898b\u3059\u308b\u305f\u3081\u306e\u5408\u7406\u7684\u306a\u52aa\u529b\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u9806\u5b88\u624b\u7d9a\u304c\u4e0d\u5341\u5206\u306a\u3089\u76e3\u7763\u8cac\u4efb\u306e\u5f15\u53d7\u3051\u3092\u66f8\u9762\u3067\u8f9e\u9000\u3057\u3001\u6539\u5584\u3092\u4fc3\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Adequate Compliance Procedures<\/div>\n<div class=\"ja\">\u9069\u5207\u306a\u9806\u5b88\u624b\u7d9a<\/div>\n<div class=\"df\">\u660e\u78ba\u3067\u7406\u89e3\u3057\u3084\u3059\u304f\u3001\u6a29\u9650\u3042\u308b\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc\u3001\u8a31\u5bb9\u3055\u308c\u308b\u884c\u52d5\u3001\u9055\u53cd\u306e\u5831\u544a\u3068\u51e6\u5206\u306e\u624b\u9806\u3092\u542b\u3080\u624b\u7d9a\u3002\u76e3\u7763\u8cac\u4efb\u3092\u679c\u305f\u3059\u305f\u3081\u306e\u524d\u63d0\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Compliance Officer<\/div>\n<div class=\"ja\">\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/div>\n<div class=\"df\">\u4f1a\u793e\u306e\u9806\u5b88\u4f53\u5236\u3092\u904b\u7528\u3059\u308b\u8cac\u4efb\u8005\u3002\u5341\u5206\u306a\u6a29\u9650\u3068\u72ec\u7acb\u6027\u3092\u6301\u3064\u8005\u3092\u4efb\u547d\u3059\u308b\u3053\u3068\u304c\u5b9f\u52b9\u6027\u306e\u3042\u308b\u76e3\u7763\u4f53\u5236\u306e\u6761\u4ef6\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Noncompete Agreement<\/div>\n<div class=\"ja\">\u7af6\u696d\u7981\u6b62\u5951\u7d04<\/div>\n<div class=\"df\">\u9000\u8077\u5f8c\u306e\u4e00\u5b9a\u671f\u9593\u3001\u5143\u96c7\u7528\u4e3b\u3068\u7af6\u5408\u3059\u308b\u696d\u52d9\u3084\u9867\u5ba2\u52e7\u8a98\u3092\u5236\u9650\u3059\u308b\u5951\u7d04\u3002\u8ee2\u8077\u30fb\u72ec\u7acb\u6642\u306e\u884c\u52d5\u7bc4\u56f2\u3092\u5b9a\u3081\u308b\u3082\u306e\u3067\u3001\u305d\u306e\u5185\u5bb9\u306b\u5f93\u3046\u5fc5\u8981\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Employer Property<\/div>\n<div class=\"ja\">\u96c7\u7528\u4e3b\u306e\u8ca1\u7523<\/div>\n<div class=\"df\">\u8a18\u9332\u3001\u30e2\u30c7\u30eb\u3001\u9867\u5ba2\u60c5\u5831\u306a\u3069\u96c7\u7528\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u8cc7\u7523\u3002\u8ee2\u8077\u30fb\u72ec\u7acb\u306e\u6e96\u5099\u81ea\u4f53\u306f\u8a8d\u3081\u3089\u308c\u308b\u304c\u3001\u5728\u8077\u4e2d\u306e\u9867\u5ba2\u52e7\u8a98\u3084\u3053\u308c\u3089\u306e\u7121\u65ad\u6301\u3061\u51fa\u3057\u306f\u8a8d\u3081\u3089\u308c\u306a\u3044\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm6\">LM6 Guidance for Standard V: Investment Analysis, Recommendations, and Actions\uff08\u57fa\u6e96V\uff1a\u6295\u8cc7\u5206\u6790\u30fb\u63a8\u5968\u30fb\u884c\u52d5\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm6\/\">LM6 \u57fa\u6e96V\uff1a\u6295\u8cc7\u5206\u6790\u30fb\u63a8\u5968\u30fb\u884c\u52d5<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard V(A) Diligence and Reasonable Basis<\/div>\n<div class=\"ja\">\u57fa\u6e96V(A) \u52e4\u52c9\u3068\u5408\u7406\u7684\u6839\u62e0<\/div>\n<div class=\"df\">\u904b\u7528\u5224\u65ad\u306b\u3001\u52e4\u52c9\u3055\u30fb\u72ec\u7acb\u6027\u30fb\u5fb9\u5e95\u6027\u306b\u57fa\u3065\u304f\u5408\u7406\u7684\u3067\u5341\u5206\u306a\u6839\u62e0\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u81ea\u793e\u30ea\u30b5\u30fc\u30c1\u3068\u7b2c\u4e09\u8005\u30ea\u30b5\u30fc\u30c1\u306e\u53cc\u65b9\u306b\u9069\u7528\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard V(B) Communication with Clients and Prospective Clients<\/div>\n<div class=\"ja\">\u57fa\u6e96V(B) \u9867\u5ba2\u30fb\u898b\u8fbc\u307f\u9867\u5ba2\u3068\u306e\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3<\/div>\n<div class=\"df\">\u6295\u8cc7\u30d7\u30ed\u30bb\u30b9\u306e\u57fa\u672c\u3068\u91cd\u8981\u306a\u5909\u66f4\u3092\u901f\u3084\u304b\u306b\u4f1d\u3048\u3001\u91cd\u8981\u306a\u9650\u754c\u30fb\u30ea\u30b9\u30af\u3092\u8aac\u660e\u3057\u3001\u4e8b\u5b9f\u3068\u610f\u898b\u3092\u533a\u5225\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard V(C) Record Retention<\/div>\n<div class=\"ja\">\u57fa\u6e96V(C) \u8a18\u9332\u306e\u4fdd\u5b58<\/div>\n<div class=\"df\">\u904b\u7528\u5224\u65ad\u306e\u6839\u62e0\u3068\u306a\u308b\u8a18\u9332\u3092\u4f1a\u793e\u306e\u8ca1\u7523\u3068\u3057\u3066\u4fdd\u5b58\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u898f\u5236\u4e0a\u306e\u5b9a\u3081\u304c\u306a\u3044\u5834\u5408\u3001\u5c11\u306a\u304f\u3068\u30827\u5e74\u9593\u306e\u4fdd\u5b58\u304c\u63a8\u5968\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Subadviser Selection<\/div>\n<div class=\"ja\">\u30b5\u30d6\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u306e\u9078\u5b9a<\/div>\n<div class=\"df\">\u904b\u7528\u306e\u4e00\u90e8\u3092\u5916\u90e8\u306e\u904b\u7528\u8005\u306b\u59d4\u306d\u308b\u969b\u306e\u9078\u5b9a\u3068\u7d99\u7d9a\u7684\u306a\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0\u3002\u76f8\u624b\u306e\u502b\u7406\u898f\u7bc4\u3001\u9806\u5b88\u624b\u7d9a\u3001\u60c5\u5831\u306e\u8cea\u3001\u6226\u7565\u306e\u9806\u5b88\u72b6\u6cc1\u3092\u78ba\u8a8d\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Quantitative Model<\/div>\n<div class=\"ja\">\u5b9a\u91cf\u30e2\u30c7\u30eb<\/div>\n<div class=\"df\">\u6570\u7406\u7684\u306a\u624b\u6cd5\u3067\u6295\u8cc7\u5224\u65ad\u3092\u5c0e\u304f\u30e2\u30c7\u30eb\u3002\u524d\u63d0\u3068\u9650\u754c\u3092\u7406\u89e3\u3057\u3001\u30b9\u30c8\u30ec\u30b9\u4e0b\u3084\u60f3\u5b9a\u5916\u306e\u74b0\u5883\u3067\u306e\u6319\u52d5\u3092\u691c\u8a3c\u3059\u308b\u8cac\u4efb\u304c\u4f34\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Third-Party Research<\/div>\n<div class=\"ja\">\u7b2c\u4e09\u8005\u30ea\u30b5\u30fc\u30c1<\/div>\n<div class=\"df\">\u5916\u90e8\u6a5f\u95a2\u306e\u30ea\u30b5\u30fc\u30c1\u3002\u524d\u63d0\u30fb\u53b3\u5bc6\u3055\u30fb\u9069\u6642\u6027\u30fb\u5ba2\u89b3\u6027\u3092\u78ba\u8a8d\u3057\u305f\u3046\u3048\u3067\u4f9d\u62e0\u3057\u3001\u4f1a\u793e\u3068\u3057\u3066\u8a55\u4fa1\u65b9\u91dd\u3092\u6574\u3048\u308b\u3053\u3068\u304c\u671b\u307e\u3057\u3044\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm7\">LM7 Guidance for Standard VI: Conflicts of Interest\uff08\u57fa\u6e96VI\uff1a\u5229\u76ca\u76f8\u53cd\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm7\/\">LM7 \u57fa\u6e96VI\uff1a\u5229\u76ca\u76f8\u53cd<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard VI(A) Disclosure of Conflicts<\/div>\n<div class=\"ja\">\u57fa\u6e96VI(A) \u5229\u76ca\u76f8\u53cd\u306e\u958b\u793a<\/div>\n<div class=\"df\">\u5831\u916c\u306e\u53d6\u6c7a\u3081\u3001\u63a8\u5968\u9298\u67c4\u306e\u4fdd\u6709\u3001\u53d6\u7de0\u5f79\u5c31\u4efb\u306a\u3069\u5229\u76ca\u76f8\u53cd\u3068\u306a\u308b\u4e8b\u9805\u3092\u3001\u9867\u5ba2\u3084\u96c7\u7528\u4e3b\u304c\u5f71\u97ff\u3092\u8a55\u4fa1\u3067\u304d\u308b\u3088\u3046\u76ee\u7acb\u3064\u5f62\u3067\u5e73\u6613\u306b\u958b\u793a\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard VI(B) Priority of Transactions<\/div>\n<div class=\"ja\">\u57fa\u6e96VI(B) \u53d6\u5f15\u306e\u512a\u5148\u9806\u4f4d<\/div>\n<div class=\"df\">\u9867\u5ba2\u30fb\u96c7\u7528\u4e3b\u306e\u53d6\u5f15\u3092\u3001\u4f1a\u54e1\u304c\u53d7\u76ca\u6240\u6709\u8005\u3067\u3042\u308b\u53d6\u5f15\u3088\u308a\u5e38\u306b\u512a\u5148\u3055\u305b\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u500b\u4eba\u53d6\u5f15\u3067\u306f\u5229\u76ca\u76f8\u53cd\u306e\u5916\u89b3\u3082\u907f\u3051\u308b\u624b\u7d9a\u304c\u6c42\u3081\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard VI(C) Referral Fees<\/div>\n<div class=\"ja\">\u57fa\u6e96VI(C) \u7d39\u4ecb\u624b\u6570\u6599<\/div>\n<div class=\"df\">\u9867\u5ba2\u306e\u7d39\u4ecb\u306b\u95a2\u3057\u3066\u53d7\u3051\u53d6\u308b\u3001\u307e\u305f\u306f\u652f\u6255\u3046\u5831\u916c\u3084\u5229\u76ca\u3092\u3001\u96c7\u7528\u4e3b\u30fb\u9867\u5ba2\u30fb\u898b\u8fbc\u307f\u9867\u5ba2\u306b\u9069\u5207\u306b\u958b\u793a\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u958b\u793a\u5185\u5bb9\u306f\u5b9a\u671f\u7684\u306b\u66f4\u65b0\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Beneficial Ownership<\/div>\n<div class=\"ja\">\u53d7\u76ca\u6240\u6709<\/div>\n<div class=\"df\">\u540d\u7fa9\u3092\u554f\u308f\u305a\u53d6\u5f15\u306e\u7d4c\u6e08\u7684\u5229\u76ca\u304c\u5e30\u5c5e\u3059\u308b\u72b6\u614b\u3002\u5bb6\u65cf\u53e3\u5ea7\u306a\u3069\u3082\u542b\u307f\u3001\u4f1a\u54e1\u304c\u53d7\u76ca\u6240\u6709\u8005\u3067\u3042\u308b\u53d6\u5f15\u306f\u9867\u5ba2\u53d6\u5f15\u306e\u5f8c\u306b\u56de\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Blackout Period<\/div>\n<div class=\"ja\">\u30d6\u30e9\u30c3\u30af\u30a2\u30a6\u30c8\u671f\u9593<\/div>\n<div class=\"df\">\u9867\u5ba2\u53d6\u5f15\u304c\u884c\u308f\u308c\u308b\u524d\u5f8c\u306e\u4e00\u5b9a\u671f\u9593\u3001\u62c5\u5f53\u8005\u306a\u3069\u306e\u500b\u4eba\u53d6\u5f15\u3092\u7981\u3058\u308b\u671f\u9593\u3002\u500b\u4eba\u53d6\u5f15\u304c\u9867\u5ba2\u53d6\u5f15\u306b\u60aa\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3053\u3068\u3092\u9632\u3050\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Preclearance<\/div>\n<div class=\"ja\">\u4e8b\u524d\u627f\u8a8d<\/div>\n<div class=\"df\">\u500b\u4eba\u53d6\u5f15\u3084\u682a\u5f0fIPO\u30fb\u79c1\u52df\u3078\u306e\u53c2\u52a0\u306e\u524d\u306b\u793e\u5185\u306e\u627f\u8a8d\u3092\u5f97\u308b\u624b\u7d9a\u3002\u4fdd\u6709\u30fb\u53d6\u5f15\u306e\u5831\u544a\u3084\u53d6\u5f15\u78ba\u8a8d\u66f8\u306e\u5199\u3057\u306e\u63d0\u51fa\u3068\u7d44\u307f\u5408\u308f\u305b\u3066\u5229\u76ca\u76f8\u53cd\u3092\u7ba1\u7406\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Personal Trading Policy<\/div>\n<div class=\"ja\">\u500b\u4eba\u53d6\u5f15\u65b9\u91dd<\/div>\n<div class=\"df\">\u5f93\u696d\u54e1\u306e\u500b\u4eba\u53d6\u5f15\u306b\u95a2\u3059\u308b\u4f1a\u793e\u306e\u65b9\u91dd\u3002IPO\u30fb\u79c1\u52df\u3078\u306e\u53c2\u52a0\u5236\u9650\u3001\u30d6\u30e9\u30c3\u30af\u30a2\u30a6\u30c8\u671f\u9593\u3001\u5831\u544a\u3068\u627f\u8a8d\u306e\u624b\u7d9a\u3092\u5b9a\u3081\u3001\u9867\u5ba2\u30fb\u898b\u8fbc\u307f\u9867\u5ba2\u3078\u306e\u958b\u793a\u304c\u63a8\u5968\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm8\">LM8 Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate\uff08\u57fa\u6e96VII\uff1aCFA\u5354\u4f1a\u4f1a\u54e1\u30fb\u53d7\u9a13\u8005\u3068\u3057\u3066\u306e\u8cac\u4efb\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm8\/\">LM8 \u57fa\u6e96VII\uff1aCFA\u5354\u4f1a\u4f1a\u54e1\u30fb\u53d7\u9a13\u8005\u3068\u3057\u3066\u306e\u8cac\u4efb<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard VII(A) Conduct as Participants in CFA Institute Programs<\/div>\n<div class=\"ja\">\u57fa\u6e96VII(A) CFA\u5354\u4f1a\u30d7\u30ed\u30b0\u30e9\u30e0\u3078\u306e\u53c2\u52a0\u8005\u3068\u3057\u3066\u306e\u884c\u52d5<\/div>\n<div class=\"df\">CFA\u5354\u4f1a\u30fb\u79f0\u53f7\u30fb\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u8a55\u5224\u3068\u8aa0\u5b9f\u6027\u3092\u640d\u306a\u3046\u884c\u70ba\u3092\u7981\u3058\u308b\u57fa\u6e96\u3002\u8a66\u9a13\u306e\u6a5f\u5bc6\u6027\u306e\u4fdd\u6301\u306f\u3001\u5354\u4f1a\u306e\u30dc\u30e9\u30f3\u30c6\u30a3\u30a2\u6d3b\u52d5\u3067\u3082\u6c42\u3081\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program<\/div>\n<div class=\"ja\">\u57fa\u6e96VII(B) CFA\u5354\u4f1a\u30fbCFA\u79f0\u53f7\u30fbCFA\u30d7\u30ed\u30b0\u30e9\u30e0\u3078\u306e\u8a00\u53ca<\/div>\n<div class=\"df\">\u4f1a\u54e1\u30fb\u79f0\u53f7\u4fdd\u6709\u8005\u30fb\u53d7\u9a13\u8005\u3068\u3057\u3066\u306e\u8868\u793a\u3067\u3001\u305d\u306e\u610f\u5473\u3092\u8aa4\u3063\u3066\u793a\u3057\u305f\u308a\u8a87\u5f35\u3057\u305f\u308a\u3057\u306a\u3044\u3053\u3068\u3092\u6c42\u3081\u308b\u57fa\u6e96\u3002\u4f1a\u793e\u306e\u8cc7\u6599\u3084\u5e83\u544a\u3067\u306e\u8868\u793a\u306b\u3082\u53ca\u3076\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">CFA Institute Membership<\/div>\n<div class=\"ja\">CFA\u5354\u4f1a\u4f1a\u54e1\u8cc7\u683c<\/div>\n<div class=\"df\">CFA\u5354\u4f1a\u306e\u4f1a\u54e1\u3067\u3042\u308b\u5730\u4f4d\u3002\u4f1a\u8cbb\u306e\u652f\u6255\u3044\u3068\u8077\u696d\u884c\u70ba\u58f0\u660e\u306e\u63d0\u51fa\u3092\u524d\u63d0\u3068\u3057\u3001\u3053\u308c\u3089\u3092\u6b20\u304f\u3068\u4f1a\u54e1\u3068\u540d\u4e57\u308c\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Proper Use of the CFA Marks<\/div>\n<div class=\"ja\">CFA\u79f0\u53f7\u306e\u6b63\u3057\u3044\u4f7f\u3044\u65b9<\/div>\n<div class=\"df\">\u300cCFA\u300d\u3092\u5f62\u5bb9\u8a5e\u3068\u3057\u3066\u7528\u3044\u3001\u540d\u8a5e\u7684\u306a\u7528\u6cd5\u3084\u7279\u5225\u306a\u66f8\u4f53\u3067\u306e\u5f37\u8abf\u3092\u3057\u306a\u3044\u3068\u3044\u3046\u8868\u793a\u306e\u30eb\u30fc\u30eb\u3002\u53d6\u5f97\u306b\u8981\u3059\u308b\u52aa\u529b\u3084\u5408\u683c\u306e\u4e8b\u5b9f\u3092\u8ff0\u3079\u308b\u3053\u3068\u306f\u8a8d\u3081\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Partial Designation<\/div>\n<div class=\"ja\">\u90e8\u5206\u7684\u306a\u79f0\u53f7<\/div>\n<div class=\"df\">\u4e00\u90e8\u306e\u30ec\u30d9\u30eb\u306b\u5408\u683c\u3057\u305f\u3053\u3068\u3092\u79f0\u53f7\u306e\u4e00\u90e8\u306e\u3088\u3046\u306b\u793a\u3059\u8868\u793a\u3002CFA\u79f0\u53f7\u306b\u306f\u6bb5\u968e\u304c\u306a\u3044\u305f\u3081\u8a8d\u3081\u3089\u308c\u305a\u3001\u79f0\u53f7\u306e\u53d6\u5f97\u4e88\u5b9a\u3092\u793a\u3059\u8868\u793a\u3082\u540c\u69d8\u3067\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Continuing Education<\/div>\n<div class=\"ja\">\u7d99\u7d9a\u6559\u80b2<\/div>\n<div class=\"df\">\u4f1a\u54e1\u304c\u5c02\u9580\u80fd\u529b\u3092\u4fdd\u3064\u305f\u3081\u306b\u884c\u3046\u5b66\u7fd2\u3002\u305d\u306e\u5b9f\u7e3e\u306e\u7533\u544a\u306f\u6b63\u78ba\u3067\u306a\u3051\u308c\u3070\u306a\u3089\u305a\u3001\u865a\u507d\u306e\u7533\u544a\u306f\u57fa\u6e96VII(A)\u306b\u53cd\u3059\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm9\">LM9 Application of the Code and Standards: Level III\uff08\u502b\u7406\u898f\u7bc4\u30fb\u57fa\u6e96\u306e\u9069\u7528\uff1aLevel III\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm9\/\">LM9 \u502b\u7406\u898f\u7bc4\u30fb\u57fa\u6e96\u306e\u9069\u7528\uff1aLevel III<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Ethical Decision-Making Framework<\/div>\n<div class=\"ja\">\u502b\u7406\u7684\u610f\u601d\u6c7a\u5b9a\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af<\/div>\n<div class=\"df\">Identify\u3001Consider\u3001Decide and act\u3001Reflect\u306e4\u8981\u7d20\u304b\u3089\u306a\u308b\u5224\u65ad\u306e\u67a0\u7d44\u307f\u3002\u8981\u7d20\u306e\u9806\u5e8f\u306f\u56fa\u5b9a\u3055\u308c\u305a\u3001\u7d50\u679c\u306e\u30ec\u30d3\u30e5\u30fc\u3067\u7de0\u3081\u304f\u304f\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Identify<\/div>\n<div class=\"ja\">Identify\uff08\u7279\u5b9a\uff09<\/div>\n<div class=\"df\">\u5224\u65ad\u306e\u571f\u53f0\u3068\u3057\u3066\u3001\u95a2\u9023\u3059\u308b\u4e8b\u5b9f\u3001\u5229\u5bb3\u95a2\u4fc2\u8005\u3068\u8ca0\u3046\u7fa9\u52d9\u3001\u8a72\u5f53\u3059\u308b\u57fa\u6e96\u3092\u53c2\u7167\u3057\u305f\u502b\u7406\u539f\u5247\u3001\u5229\u76ca\u76f8\u53cd\u3092\u660e\u3089\u304b\u306b\u3059\u308b\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u306e\u8981\u7d20\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Consider<\/div>\n<div class=\"ja\">Consider\uff08\u691c\u8a0e\uff09<\/div>\n<div class=\"df\">\u5224\u65ad\u3092\u5de6\u53f3\u3057\u5f97\u308b\u72b6\u6cc1\u7684\u5f71\u97ff\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u90e8\u9580\u306a\u3069\u793e\u5185\u5916\u306e\u8ffd\u52a0\u7684\u306a\u6307\u91dd\u3001\u53d6\u308a\u5f97\u308b\u4ee3\u66ff\u6848\u3092\u541f\u5473\u3059\u308b\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u306e\u8981\u7d20\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Decide and Act<\/div>\n<div class=\"ja\">Decide and act\uff08\u5224\u65ad\u3068\u884c\u52d5\uff09<\/div>\n<div class=\"df\">\u7279\u5b9a\u30fb\u691c\u8a0e\u3092\u7d4c\u3066\u3001\u95a2\u4fc2\u8005\u3078\u306e\u7fa9\u52d9\u3092\u6700\u3082\u9069\u5207\u306b\u679c\u305f\u3059\u7d50\u8ad6\u3092\u6c7a\u3081\u3001\u305d\u308c\u3092\u5b9f\u884c\u306b\u79fb\u3059\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u306e\u8981\u7d20\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Reflect<\/div>\n<div class=\"ja\">Reflect\uff08\u632f\u308a\u8fd4\u308a\uff09<\/div>\n<div class=\"df\">\u7d50\u679c\u304c\u60f3\u5b9a\u3069\u304a\u308a\u3060\u3063\u305f\u304b\u3001\u305d\u306e\u7406\u7531\u306f\u4f55\u304b\u3092\u30ec\u30d3\u30e5\u30fc\u3059\u308b\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u306e\u8981\u7d20\u3002\u5c06\u6765\u306e\u610f\u601d\u6c7a\u5b9a\u306e\u6539\u5584\u306b\u7d50\u3073\u3064\u3051\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Act of Omission<\/div>\n<div class=\"ja\">\u4e0d\u4f5c\u70ba<\/div>\n<div class=\"df\">\u53d6\u308b\u3079\u304d\u3060\u3063\u305f\u884c\u52d5\u3092\u53d6\u3089\u306a\u3044\u3053\u3068\u3002\u958b\u793a\u3084\u5831\u544a\u3001\u76e3\u7763\u306a\u3069\u306e\u884c\u52d5\u306e\u6b20\u5982\u3082\u3001\u502b\u7406\u898f\u7bc4\u30fb\u57fa\u6e96\u3078\u306e\u9055\u53cd\u3068\u306a\u308a\u5f97\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l3-ethics-g-lm10\">LM10 Asset Manager Code of Professional Conduct\uff08\u8cc7\u7523\u904b\u7528\u4f1a\u793e\u884c\u70ba\u898f\u7bc4\uff08Asset Manager Code\uff09\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-ethics-lm10\/\">LM10 \u8cc7\u7523\u904b\u7528\u4f1a\u793e\u884c\u70ba\u898f\u7bc4\uff08Asset Manager Code\uff09<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Asset Manager Code of Professional Conduct (AMC)<\/div>\n<div class=\"ja\">\u8cc7\u7523\u904b\u7528\u4f1a\u793e\u884c\u70ba\u898f\u7bc4<\/div>\n<div class=\"df\">\u9867\u5ba2\u306b\u5bfe\u3059\u308b\u8cc7\u7523\u904b\u7528\u4f1a\u793e\u306e\u502b\u7406\u7684\u30fb\u8077\u696d\u7684\u8cac\u4efb\u3092\u793a\u3059CFA\u5354\u4f1a\u306e\u898f\u7bc4\u3002\u500b\u4eba\u3067\u306f\u306a\u304f\u4f1a\u793e\u5358\u4f4d\u3067\u4efb\u610f\u306b\u63a1\u7528\u3057\u3001\u898f\u6a21\u3084\u904b\u7528\u8cc7\u7523\u306e\u7a2e\u985e\u3092\u554f\u308f\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">General Principles of Conduct<\/div>\n<div class=\"ja\">\u4e00\u822c\u539f\u5247<\/div>\n<div class=\"df\">Asset Manager Code\u304c\u63b2\u3052\u308b6\u3064\u306e\u57fa\u672c\u59ff\u52e2\u3002\u8077\u696d\u7684\u30fb\u502b\u7406\u7684\u884c\u52d5\u3001\u9867\u5ba2\u306e\u305f\u3081\u306e\u884c\u52d5\u3001\u72ec\u7acb\u6027\u3068\u5ba2\u89b3\u6027\u3001\u6280\u80fd\u30fb\u80fd\u529b\u30fb\u52e4\u52c9\u3001\u9069\u6642\u30fb\u6b63\u78ba\u306a\u4f1d\u9054\u3001\u8cc7\u672c\u5e02\u5834\u306e\u30eb\u30fc\u30eb\u306e\u9806\u5b88\u304b\u3089\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Claim of Compliance<\/div>\n<div class=\"ja\">\u9806\u5b88\u306e\u8868\u660e<\/div>\n<div class=\"df\">\u8cc7\u7523\u904b\u7528\u4f1a\u793e\u304cAsset Manager Code\u3092\u9806\u5b88\u3057\u3066\u3044\u308b\u3068\u793a\u3059\u3053\u3068\u3002\u3059\u3079\u3066\u306e\u898f\u5b9a\u306e\u9806\u5b88\u304c\u6761\u4ef6\u3067\u90e8\u5206\u7684\u306a\u8868\u660e\u306f\u8a8d\u3081\u3089\u308c\u305a\u3001\u5354\u4f1a\u3078\u306e\u901a\u77e5\u3068\u5354\u4f1a\u304c\u691c\u8a3c\u3057\u3066\u3044\u306a\u3044\u65e8\u306e\u8a18\u8f09\u3092\u4f34\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Loyalty to Clients<\/div>\n<div class=\"ja\">\u9867\u5ba2\u3078\u306e\u5fe0\u5b9f<\/div>\n<div class=\"df\">Asset Manager Code\u306e\u898f\u5b9a\u9818\u57df\u306e\u4e00\u3064\u3002\u9867\u5ba2\u5229\u76ca\u306e\u512a\u5148\u3001\u9867\u5ba2\u60c5\u5831\u306e\u5b88\u79d8\u3001\u72ec\u7acb\u6027\u3092\u640d\u306a\u3046\u95a2\u4fc2\u3084\u8d08\u7b54\u306e\u62d2\u5426\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Investment Process and Actions<\/div>\n<div class=\"ja\">\u6295\u8cc7\u30d7\u30ed\u30bb\u30b9\u3068\u884c\u52d5<\/div>\n<div class=\"df\">\u898f\u5b9a\u9818\u57df\u306e\u4e00\u3064\u3002\u5408\u7406\u7684\u306a\u6ce8\u610f\u3001\u76f8\u5834\u64cd\u7e26\u306e\u7981\u6b62\u3001\u9867\u5ba2\u306e\u516c\u6b63\u306a\u53d6\u6271\u3044\u3001\u5408\u7406\u7684\u6839\u62e0\u3001\u904b\u7528\u65b9\u91dd\u3068\u9069\u5408\u6027\u306b\u6cbf\u3063\u305f\u904b\u7528\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Trading<\/div>\n<div class=\"ja\">\u53d6\u5f15<\/div>\n<div class=\"df\">\u898f\u5b9a\u9818\u57df\u306e\u4e00\u3064\u3002\u91cd\u8981\u306a\u672a\u516c\u8868\u60c5\u5831\u306e\u5229\u7528\u7981\u6b62\u3001\u9867\u5ba2\u53d6\u5f15\u306e\u512a\u5148\u3001\u30bd\u30d5\u30c8\u30c0\u30e9\u30fc\u306e\u9069\u6b63\u5229\u7528\u3001\u6700\u826f\u57f7\u884c\u3001\u53d6\u5f15\u306e\u516c\u6b63\u306a\u914d\u5206\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Risk Management, Compliance, and Support<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u7ba1\u7406\u30fb\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30fb\u30b5\u30dd\u30fc\u30c8<\/div>\n<div class=\"df\">\u898f\u5b9a\u9818\u57df\u306e\u4e00\u3064\u3002\u65b9\u91dd\u3068\u624b\u7d9a\u306e\u6574\u5099\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc\u306e\u4efb\u547d\u3001\u7b2c\u4e09\u8005\u306b\u3088\u308b\u78ba\u8a8d\u3001\u8a18\u9332\u4fdd\u5b58\u3001\u4e8b\u696d\u7d99\u7d9a\u8a08\u753b\u3001\u5168\u793e\u7684\u30ea\u30b9\u30af\u7ba1\u7406\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Performance and Valuation<\/div>\n<div class=\"ja\">\u904b\u7528\u6210\u7e3e\u3068\u8a55\u4fa1<\/div>\n<div class=\"df\">\u898f\u5b9a\u9818\u57df\u306e\u4e00\u3064\u3002\u516c\u6b63\u30fb\u6b63\u78ba\u30fb\u5b8c\u5168\u306a\u904b\u7528\u6210\u7e3e\u306e\u63d0\u793a\u3068\u3001\u4fdd\u6709\u8cc7\u7523\u3092\u516c\u6b63\u306a\u5e02\u5834\u4fa1\u683c\u3067\u8a55\u4fa1\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Disclosures<\/div>\n<div class=\"ja\">\u958b\u793a<\/div>\n<div class=\"df\">\u898f\u5b9a\u9818\u57df\u306e\u4e00\u3064\u3002\u5229\u76ca\u76f8\u53cd\u3001\u624b\u6570\u6599\u3001\u30bd\u30d5\u30c8\u30c0\u30e9\u30fc\u3001\u8a55\u4fa1\u65b9\u6cd5\u3001\u8b70\u6c7a\u6a29\u884c\u4f7f\u65b9\u91dd\u3001\u91cd\u8981\u306a\u4eba\u4e8b\u5909\u66f4\u306a\u3069\u306b\u3064\u3044\u3066\u3001\u7d99\u7d9a\u7684\u304b\u3064\u9069\u6642\u306b\u9867\u5ba2\u3078\u60c5\u5831\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Business Continuity Plan<\/div>\n<div class=\"ja\">\u4e8b\u696d\u7d99\u7d9a\u8a08\u753b<\/div>\n<div class=\"df\">\u707d\u5bb3\u3084\u30b7\u30b9\u30c6\u30e0\u969c\u5bb3\u306a\u3069\u3067\u901a\u5e38\u696d\u52d9\u304c\u59a8\u3052\u3089\u308c\u305f\u5834\u5408\u306b\u3082\u3001\u9867\u5ba2\u3078\u306e\u30b5\u30fc\u30d3\u30b9\u3092\u7d99\u7d9a\u3059\u308b\u305f\u3081\u306e\u8a08\u753b\u3002Asset Manager Code\u304c\u6574\u5099\u3092\u6c42\u3081\u308b\u4f53\u5236\u306e\u4e00\u3064\u3002<\/div>\n<\/div>\n<h2>\u3042\u308f\u305b\u3066\u4f7f\u3044\u305f\u3044\u30da\u30fc\u30b8<\/h2>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-level3-glossary\/\">CFA\u00ae\ufe0e Level 3 \u7528\u8a9e\u96c6\uff08\u5168\u79d1\u76ee\u306e\u4e00\u89a7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l3-ethics\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 3 Ethical and Professional Standards\uff09<\/a><\/li>\n<\/ul>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u3001\u7528\u8a9e\u3084\u516c\u5f0f\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/present1\/\" target=\"_blank\" rel=\"noopener\">Level 1 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/gokuhi\/\" target=\"_blank\" rel=\"noopener\">Level 3 Leveraged Support Course\uff08\u7528\u8a9e\u96c6\u30fb\u516c\u5f0f\u96c6\u306e\u6574\u7406\u8cc7\u6599\u3064\u304d\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 3 Ethical and Professional Standards\uff08\u502b\u7406\u30fb\u8077\u696d\u884c\u70ba\u57fa\u6e96\uff09\u306e\u91cd\u8981\u7528\u8a9e74\u8a9e\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306e\u5358\u5143\uff08LM\uff09\u5225\u306b\u3001\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u305f\u7528\u8a9e\u96c6\u3067\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":11585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[101],"tags":[],"class_list":["post-11452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=11452"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11452\/revisions"}],"predecessor-version":[{"id":11573,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11452\/revisions\/11573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11585"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=11452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=11452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=11452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}