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CFA Level I · CFA Level I Exam · Code of Ethics and Standards of Professional Conduct

An asset management firm has ensured that its code of ethics meets the principles of the CFA Institute Code and Standards and wishes to claim compliance. The statement the firm should most appropriately make includes the wording that the claim:

The firm should state that it claims compliance with the CFA Institute Code of Ethics and Standards of Professional Conduct and that this claim has not been verified by CFA Institute. CFA Institute does not verify such claims.

  1. Ahas been approved by CFA Institute
  2. Bhas not been verified by CFA InstituteCorrect
  3. Chas been audited by an independent party

Explanation

The Handbook preface says a party claiming compliance should state that it claims compliance with the Code and Standards and that the claim has not been verified by CFA Institute. Approval or audit statements are not part of the wording.

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