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

Tomas Berg let his CFA Institute membership lapse by not paying annual dues three months ago and has not reactivated it. His website and email signature still say "CFA Institute Member." Which action is most appropriate under Standard VII(B)?

Tomas should remove all membership references from his website and email signature, since unpaid dues end membership until it is reactivated. He may still factually state that he was a CFA Institute member in past years. Pending-renewal wording still implies current membership.

  1. AKeep the reference until the next annual renewal date
  2. BRemove the membership references, and he may state that he was a member in past yearsCorrect
  3. CReplace the wording with "CFA Institute Member (pending renewal)"

Explanation

Failing any membership requirement, such as paying dues, ends membership. Until reactivated, he must remove all references to membership everywhere, but may truthfully say he was a member in the past.

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