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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 person enrolled in another CFA Institute program is not a CFA member or candidate, and is therefore not otherwise subject to the Code and Standards. Under Standard VII(A), this participant is most likely:

The participant is not required to comply with the Code and Standards. Standard VII(A) does not impose them on program participants unless they are a member or candidate otherwise subject to the Code and Standards, so participation alone does not create that obligation.

  1. Arequired to comply with the Code and Standards solely because of the program
  2. Brequired to comply with the Code and Standards only during the exam process
  3. Cnot required to comply with the Code and Standards, since the standard does not extend them to such participantsCorrect

Explanation

Standard VII(A) covers conduct of members and candidates in any CFA Institute program. It does not require participants in a program to comply with the Code and Standards unless they are a member or candidate otherwise subject to them.

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