- CFA Exams
- CFA Exam: Level I 2021
- 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
There are 361 practice questions for this study session.
CFA Practice Question
What would happen if a CFA charterholder failed to pay annual CFA Institute dues?
Correct Answer: The person's use of the CFA designation would be suspended.
During this period the person cannot state or imply that he or she is an active CFA charterholder. However, the person can still state that he or she was awarded the CFA charter in the year of xxxx, as long as he or she does not imply that he or she is a current or practicing CFA charterholder.
After the person resumes paying CFA Institute dues, his or her right to use the CFA designation will be reinstated.
User Contributed Comments 12
|kalps||Membership suspended but can say that he was awareded a CFA charter in year XXXX|
|ff65834||money making scheme? nice little earner for CFA!|
|cahiz84||How much is the annual fee?|
|jmcarr02||Reference : http://www.cfainstitute.org/memresources/members/dues.html
-You will be invoiced after your application has been accepted
-CFA Institute annual dues are US$225
-Society dues vary; visit your local society website for specific rates
-The CFA Institute member year runs from 1 July to 30 June; if you become a member for the first time after 1 January, you will be charged prorated dues for your initial member year
-Pay dues online - pay your dues and choose a subscription package
|mrushdi||How much is the life time membership fee.|
|tschorsch||it depends on how long you intend to live. if you intend to live forever you will need to create a perpetuity, otherwise if you have not yet been granted immortality, you can just create an ordinary annuity.|
|rocyang||:) good one!|
|sogah||very funny tschorsch|
|johntan1979||$225 per annum is peanuts compared to the 5-, 6-figure monthly incomes you people will be earning as CFA charterholders.|
|knoronha||tschorsch, very creative comment :)|