CFA Level I · CFA Level I Exam · Guidance for Standard VI: Conflicts of Interest
Revised Standard VI(A) requires that disclosures of conflicts most likely be:
Disclosures must be prominent, delivered in plain language, and communicate the relevant information effectively. Standard VI(A) states this directly, so burying a conflict in technical wording or an obscure filing would not satisfy the requirement.
- Aprominent, in plain language, and communicate relevant information effectivelyCorrect
- Bmade annually in the firm's regulatory filings
- Cdetailed in technical language to ensure legal completeness
Explanation
The standard text requires members to ensure disclosures are prominent, delivered in plain language, and communicate the relevant information effectively. Annual filing timing and technical legal language are not requirements stated in the standard.
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