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

Dana has passed Level I and Level II of the CFA exam and is enrolled to sit for Level III. Which statement on her professional biography most likely complies with Standard VII(B)?

Stating that she is a candidate in the CFA Program complies. Candidates may reference candidacy if clearly stated, but must not imply a partial designation from passing levels or cite an expected date for earning the charter.

  1. ADana is a candidate in the CFA Program.Correct
  2. BDana is a CFA Level II charterholder.
  3. CDana expects to earn the CFA charter next year.

Explanation

A person enrolled to sit for a specified exam, with an accepted application, is a candidate and may say so clearly. Candidates must not state or imply a partial designation from passing levels, and must not cite an expected completion date for the charter. Options B and C violate those rules.

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