CFA Practice Question

CFA Practice Question

Ed Yang submits a written request to his employer for permission to do a consulting project for another firm. The work would be done on weekends. After waiting for 3 months for a reply but not receiving one, Yang begins work on the consulting project. Has Yang violated the Standards?
A. No, if the consulting work is not for a competitor of his employer.
B. No.
C. Yes.
Explanation: An employee should submit a written request to the employer for permission to engage in outside work. Lack of response from the employer within a given time frame does not mean the employee can accept outside work.

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