Skip to content

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

Dara Okafor sat the Level II exam in May and has not yet received results. In June she asks her firm to add a note to her business card. Which note would most likely violate Standard VII(B)?

The note claiming Level II passed with a charter expected next year violates Standard VII(B). Results have not been received, and candidates must not imply a partial designation or cite an expected completion date for earning the charter. The other notes simply state candidacy.

  1. A"Candidate for the CFA designation"
  2. B"Sat the Level II CFA exam; candidate for the CFA designation"
  3. C"CFA Level II passed; charter expected next year"Correct

Explanation

Having sat an exam with results pending, she remains a candidate, so the first two notes are acceptable. The third claims a result she does not have and cites an expected charter date, which candidates must not do.

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