Ethics - Standard I(B)

CFA Level II
#1

CFA book Page 38, example 7

it says X was given tickets to world cup, 2 nights at a resort, several meals and transportation…and X fails to disclose receiving this package from the client.

This is clearly a breach of Standard I(B) given the size of the gift AND failure to disclose.

Now if X disclosed the gift, would it still be considered a breach ?

Thanks

#2

disregard!

This is clarified in the next example ( example 8 ). So when disclosed it is not considered a breach

Thanks,