The principle of encouraging competitors to improve their competence is a characteristic of which code?

The principle of encouraging competitors to improve their competence is characteristic of the CFA Institute Code of Ethics. This code emphasizes the importance of ethical behavior and professionalism in the investment industry. By fostering a culture where practitioners strive for excellence and support the growth and development of their peers, the Code not only raises the overall standard of the profession but also promotes integrity and confidence in the financial markets.

The CFA Institute Code encourages professionals to adhere to a commitment to continuous improvement and lifelong learning, which aligns with the idea of motivating competitors to enhance their own skills and knowledge. This not only benefits individual practitioners but also contributes to the overall credibility and trustworthiness of the investment community.

The other choices do not specifically highlight this principle. SEC Compliance Guidelines focus more on regulatory compliance and legal obligations, rather than the competitive dynamics within the profession. Financial Advisory Standards emphasize the standards of care and fiduciary responsibilities rather than competitor relations. Investment Trust Regulations pertain to the governance and operation of investment trusts without an explicit focus on encouraging competition among professionals.