Set out the ethical and professional obligations flowing from each of the six General Principles in the Asset Manager Code

The six General Principles are the ideals every provision serves: behave professionally and ethically at all times; act for the benefit of clients; act with independence and objectivity; act with skill, competence and diligence; communicate with clients accurately and on time; and uphold the rules that govern capital markets. The Code turns them into duties under loyalty to clients, the investment process and actions, trading, risk management with compliance and support, performance and valuation, and disclosures. In a case, map each practice to a principle and its section: an allocation rule that favours large clients offends acting for the benefit of all clients and the trading provisions, while stale prices on illiquid holdings offend accurate communication and the valuation provisions.