SAAJ members are required in accordance with the Articles of Association of SAAJ to promote high ethical principles and strive to improve their professional competence, maintain integrity and dignity, and comply with the SAAJ Standards of Professional Conduct for Securities Analysts which provide ethical principles and standards of professional conduct.

SAAJ periodically reviews and revises the Standards so as to incorporate new developments in ethical issues as well as the changing business environment, thereby establishing and maintaining the highest ethical principles and standards for the profession in the finance and investment industry.

To promote and stimulate the application of the Standards in daily practice, Practice Handbook for Standards of Professional Conduct, which provides commentaries on the Standards with practical cases, is published and reviewed/updated by SAAJ on a regular basis.

The Handbook is distributed to all SAAJ members and also used as a textbook of the CMA program for the subject of Ethics and Professional Standards.

SAAJ Standards of Professional Conduct for Securities Analysts (June 2002)  (131KB)

The English translation of the latest version (November 2018) will be posted as soon as it becomes available.