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CFA Level I · CFA Level I Exam · Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate

A candidate meets a study group before the exam to review the curriculum readings and work through practice problems from a commercial provider. Under Standard VII(A), the candidate's participation is most likely:

Participation is permitted. Standard VII(A) does not prohibit candidates from discussing nonconfidential information or material with others or in study groups when preparing for an exam. Curriculum content and practice problems are not confidential, so sharing them breaches nothing.

  1. Aa violation, because study groups encourage sharing of exam information
  2. Bpermitted, because discussing nonconfidential information with others in study groups is allowedCorrect
  3. Cpermitted only if each member has already passed the exam

Explanation

Standard VII(A) does not prohibit candidates from discussing nonconfidential information or material with others or in study groups in preparation for an exam. Curriculum readings and provider practice problems are nonconfidential. No condition about prior passing exists.

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