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

Marcus did not pay his annual CFA Institute membership dues and his membership lapsed. Until membership is reactivated, Marcus most likely:

Marcus may state that he was a member in the past. Once he fails a membership requirement such as paying dues, he is no longer a member and must remove current membership references, but a factual statement about past membership is permitted.

  1. Amay keep the membership reference on his firm's marketing materials
  2. Bmay state that he was a CFA Institute member in the pastCorrect
  3. Cmust continue to describe himself as a member until the next renewal date

Explanation

Failing to meet any membership requirement, including paying dues, ends membership. He must remove membership references from social media, business communications and reports. Former members may truthfully state that they were members in the past or cite the years they met the requirements.

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