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ARTICLE 1. Quality of Service
A Member will
perform professional services with competence, integrity and due
regard for the public interest.
ARTICLE 2. Well Informed and Knowledgeable
ARTICLE 3. Full Disclosure to Client
A Member will be forthright and impartial
when advising a client, and will not withhold any information
relevant to the interests of a client.
ARTICLE 4. Care of Property
A Member will care for the property of
others entrusted to the Member in the same manner that a careful
and prudent owner would care for similar property.
ARTICLE 5. Fairness to all Parties
A Member will at all times protect and
promote the interests of a client, but will be fair and honest
with all other parties involved in any matter.
ARTICLE 6. Referral When Lacking Competence
A Member will neither advise nor render
service in areas or matters which exceed the Member's competence.
The Member will endeavour to direct parties to those from whom
competent advice and service may be obtained.
ARTICLE 7. Representing Divergent Interests
A Member will neither advise nor
represent parties having divergent or conflicting interests
without the informed consent of all parties.
ARTICLE 8. Conflict of Interest Between
Client and Member
A Member will not:
a) enter into a business transaction with
a party to whom professional advice has been given by the Member
if there is a significant risk that the interests of the Member
and the client may differ; or
b) provide advice to a party when the
personal interests of the Member, a relative or an associate are
in conflict with the interests of the party,
without advising the party that
independent advice should be obtained and securing a written
acknowledgment of same from the party.
ARTICLE 9. Disclosure of Fees
A Member will not receive directly or
indirectly any rebate, fee, commission, discount or other benefit,
whether monetary or otherwise without the full knowledge and prior
consent of the client.
ARTICLE 10. Fair and Reasonable Fees
A Member will charge fair and reasonable
fees commensurate with services being provided and fully disclose
the amount of such fees at the time the service is provided.
ARTICLE 11. Confidential Information
A Member will hold in strict confidence
all information provided in confidence by a client, unless
required by law to disclose such information.
ARTICLE 12. Outside Interests
A Member who engages in another
profession, business or occupation beyond the usual scope of
services provided to clients must not allow such outside interest
to jeopardize the Member's professional integrity, independence or
competence.
ARTICLE 13. Advertising
All advertising placed by a Member,
whether on the Member's behalf or on behalf of a client, will
provide accurate information regarding the subject of the
advertisement, and will not be false or misleading in any respect.
ARTICLE 14. Use of Designations
A Member will not use a designation
granted by the Institute in any manner contrary to this Code of
Professional Standards or the By-laws and Rules and Regulations of
the Institute.
ARTICLE 15. Other Institute Members
A Member will not make, authorize, or
otherwise encourage any unfounded oral or written statements that
are derogatory to, or disparaging of, another Member,s business
practice. All dealings between Members will be conducted with
integrity and good faith.
ARTICLE 16. Laws and the Conduct of
Business
A Member will conduct business in strict
accordance with all applicable laws, by-laws and regulations, and
in accordance with any Code of Professional Standards enacted by
the Institute for any of its Councils.
ARTICLE 17. Member Cooperation in Enforcing
the Code
A Member will assist and fully cooperate
in the enforcement of the Code of Professional Standards and the
resolution of any matter brought before the Professional Standards
Committee.
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