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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 firm's marketing department asks candidate Ana Silva, who has sat the Level I exam and awaits results, to be described in a brochure. Which description is most likely appropriate under Standard VII(B)?

The brochure should describe Ana as a candidate for the CFA designation. She has sat the exam and awaits results, so she still qualifies as a candidate. Terms implying a partial designation or an expected charter date are prohibited.

  1. AAna Silva, a candidate for the CFA designationCorrect
  2. BAna Silva, CFA Program Level I graduate
  3. CAna Silva, who will earn the CFA charter in two years

Explanation

A person who has sat for an exam and awaits results remains a candidate, provided the application was accepted. The wording must clearly state candidacy, without implying partial designation or citing an expected charter date.

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