Skip to content

CFA Level I · CFA Level I Exam · Guidance for Standard I: Professionalism

Standard I(E) Competence requires Members and Candidates to:

Standard I(E) requires Members and Candidates to act with and maintain the competence necessary to fulfill their professional responsibilities. It does not prescribe a specific continuing education program or a fixed number of hours, because there are many ways to demonstrate and maintain competence.

  1. Aact with and maintain the competence necessary to fulfill their professional responsibilities.Correct
  2. Bcomplete a fixed number of continuing education hours each year.
  3. Chold a specified professional qualification before accepting any client mandate.

Explanation

Standard I(E) states that Members and Candidates must act with and maintain the competence necessary to fulfill their professional responsibilities. It does not require any specific program of professional development or continuing education, so the fixed-hours and qualification options add requirements that the standard does not contain.

Did you get it right without looking?

One question tells you little. A timed set on Guidance for Standard I: Professionalism shows your real accuracy, how long you take and where you lose marks.

Practise Guidance for Standard I: ProfessionalismFree diagnostic mock

More Guidance for Standard I: Professionalism questions