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

Maria Costa, a CFA candidate, joins a study group before her exam. Which activity is most likely consistent with Standard VII(A)?

Discussing nonconfidential study material and practice problems with the group is consistent with Standard VII(A). The standard allows study groups to discuss nonconfidential information, but it prohibits disclosing broad topical areas or formulas tested or not tested on an exam, which stay confidential.

  1. ADiscussing nonconfidential study material and practice problems with the groupCorrect
  2. BDescribing to the group the broad topics she felt were emphasized on her last exam
  3. CSharing a formula she recalls was not tested on her previous exam attempt

Explanation

Standard VII(A) does not prohibit candidates from discussing nonconfidential information or material with others or in study groups. The other two options disclose broad topical areas and formulas tested or not tested, which are confidential.

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