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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 Whitfield has been accepted as a candidate and is enrolled for the Level II exam, having passed Level I. Which of the following descriptions on her professional biography is most likely consistent with Standard VII(B)?

Describing herself as a CFA Level II candidate is consistent with Standard VII(B), because candidates may reference candidacy if they clearly say they are candidates. Claiming a partial designation after passing a level is prohibited unless CFA Institute authorizes it.

  1. ADana is a CFA Level II candidateCorrect
  2. BDana holds the CFA Level I designation
  3. CDana is a partial CFA charterholder

Explanation

A candidate may reference candidacy as long as it clearly states she is a candidate for the CFA designation. Candidates must not state or imply any partial designation from passing levels, so the other two statements are improper.

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