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The proposed amendments rescind the current executive branch code of ethics , as the Board will adopt comprehensive rules on executive branch ethics in a future rule making . The Committee also reviews allegations of unethical conduct with regard to the AIC Code of Ethics , Guidelines for Practice , and Commentaries . The English moral philosophy took up the problem from the point of view of ethics , attempting to point out the original springs of action and to define certain native " instincts " and " propensities . " Religion is any specific system of belief about deity , often involving rituals , a code of ethics , and a philosophy of life . The amendments also require the fund to disclose that the fund , its investment adviser and principal underwriter have adopted codes of ethics , and require each fund to file a copy of the applicable codes with the Commission .