Skip to content

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

After her exam, candidate Li Wei writes a blog post criticizing CFA Institute's retake policy and its exam fees. To support her view that the exam is unfair, she adds that a specific topic area she studied heavily was barely covered. Her post most likely:

The post violates Standard VII(A) only through the remark about the topic area covered. Candidates may criticize CFA Institute's policies and procedures, but while expressing an opinion they may not disclose information about subject matter covered or not covered on an exam, which is confidential.

  1. Ais fully permitted because Standard VII(A) protects personal opinions
  2. Bviolates Standard VII(A) only because it criticizes CFA Institute's policies
  3. Cviolates Standard VII(A) only through the disclosure about the topic area coveredCorrect

Explanation

Members and candidates are free to disagree with CFA Institute on its policies and procedures. However, when expressing a personal opinion, a candidate must not disclose confidential exam content, including information about subject matter covered or not covered. Only the topic-area remark is a violation.

Did you get it right without looking?

One question tells you little. A timed set on Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate shows your real accuracy, how long you take and where you lose marks.

Practise Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA CandidateFree diagnostic mock

More Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate questions