- CFA Exams
- CFA Level I Exam
- Study Session 1. Ethical and Professional Standards
- Reading 3. Guidance for Standards I-VII
- Subject 22. Standard VII (B) Reference to CFA Institute, the CFA Designation, and the CFA Program
CFA Practice Question
Jane Smith has been granted permission to use the CFA designation. Jane has NOT paid her annual CFA Institute dues. Which of the following statements regarding Jane's use of the CFA designation are correct?
A. Jane may use the CFA designation but must state that she has not paid her annual CFA Institute dues.
B. Jane may not use the CFA designation since she has not paid her annual dues.
C. Jane may use the CFA designation if she plans to pay her annual CFA Institute dues in the near future (but has not done so yet).
Explanation: No use of the CFA designation is allowed, under any circumstances, as long as a member's annual CFA Institute dues have not been paid.
User Contributed Comments 6
| User | Comment |
|---|---|
| RNAN | This is a good way for the management of CFAI to increase their long-term SOCF (Sustainable Operating Cash Flow) like we learned about in the FSA study material. |
| BryanKec | how was she "granted permission" to use the CFA designation? |
| mary11 | bottom line CFA is a business - your money is what counts =) |
| gill15 | Shhh...CFA might hear you. |
| janis36 | CFA might here you are |
| ashish100 | .................. |