Skip to content

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

Tomas Berg passed Level I and registered for Level II but later decided not to sit the Level II exam for which he was enrolled. Until he enrolls to sit a future exam, Berg is most likely:

Berg is no longer considered a candidate. Candidacy requires acceptance by CFA Institute plus enrollment to sit a specified exam or having sat one without receiving results. Declining to sit the exam ends candidacy until he enrolls for a future exam.

  1. Ano longer considered a candidateCorrect
  2. Bstill a candidate for as long as he has a notice of acceptance
  3. Ca candidate who must describe himself as holding a partial designation

Explanation

If an individual declines to sit for an exam for which they enrolled, they no longer meet the definition of a candidate. Candidacy resumes once enrolled for a future exam. A notice of acceptance alone is insufficient, and describing a partial designation is prohibited.

Did you get it right without looking?

One question tells you little. A timed set on Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate shows your real accuracy, how long you take and where you lose marks.

Practise Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA CandidateFree diagnostic mock

More Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate questions