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

Raj Patel enrolled for the Level II exam but withdrew before the exam date and has not enrolled for any later exam. He is most likely:

Raj is no longer considered a candidate. Candidacy requires acceptance of his application and enrollment for a specified exam, or having sat an exam with results pending. Because he declined to sit, his candidacy ends and resumes only when he enrolls for a future examination.

  1. Astill a candidate, because his application was accepted
  2. Bno longer considered a candidate until he enrolls for a future examCorrect
  3. Ca candidate, but only if he states he has passed Level I

Explanation

A person is a candidate only if the application was accepted and the person is enrolled to sit for a specified exam or awaiting results. Declining to sit ends candidacy, and it resumes once he enrolls for a future exam.

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