CFA Level I · CFA Level I Exam · Code of Ethics and Standards of Professional Conduct
Which statement about who must comply with the Code and Standards is most accurate?
Members and candidates for the CFA and CIPM designations must all comply. The Code and Standards apply regardless of job function, cultural differences, or local laws, so neither charterholder status nor a portfolio management role is a precondition for the obligation.
- AOnly CFA charterholders must comply, since candidates have not earned the designation
- BMembers and candidates for the CFA and CIPM designations must complyCorrect
- COnly members working in portfolio management roles must comply
Explanation
The Handbook states that all CFA Institute members and candidates for the CFA and CIPM designations are required to comply with the Code and Standards, regardless of job function.
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