Ass mng Code -HELP

What is the diffrence between “SHOULD” and “MUST” in this standard? is SHOULD = Reommended MUST = Required ?? if thats true,thats mean that “Employess should be required to document and disclose the acceptance of any gift or entertainment” is recommended??

The entirety of the asset manager code is recommended, I thought. It’s essentially derived from the CFA Code of Ethics but gives recommendations for implementation at a firm-wide level.

Agree with gjersten. Adoption of AMC is recommended, but not required. If you adopt, it’s almost like GIPs in the fact that it’s all or nothing.