You are reading the 2026 curriculum (exams up to November 2026). Sitting in February 2027 or later? Go to the 2027 Ethical and Professional Standards guide.

Ethical and Professional Standards

Exam weight

15–20%

Questions, roughly

27–36 of 180

Learning modules

5

Lessons

38

1. Module 1 Ethics and Trust in the Investment Profession 4 lessons
2. Module 2 Code of Ethics and Standards of Professional Conduct 3 lessons
3. Module 3 Guidance for Standards I–VII 23 lessons
4. Module 4 Introduction to the Global Investment Performance Standards (GIPS) 3 lessons
5. Module 5 Ethics Application 5 lessons