- CFA Exams
- CFA Exam: Dec. 2020 Level 1
- Study Session 1. Ethical and Professional Standards
- Reading 3. Guidance for Standards I-VII
- Subject 1. Standard I (A) Knowledge of the Law
CFA Practice Question
There are 361 practice questions for this study session.
User Contributed Comments 10You need to log in first to add your comment.
CFA Institute stricter, then should abide by CFA Institute code of conduct, if counrty law stricter then abide by country law code of conduct i.e. strictest law applies
if he resides in the foreign country , then he needs to abide by local /foreign and code and standards. Here the assumption is he resides in the local country where the laws are less stricter than the code & standards
The code and standards
always remember the stricter set of rules should always be abided by
Is it the stricter of the local country or CFA Inst? or is the NYC headquarters relevant if that is stricter?
What happen with the US law?
should be subject to the stricter of the SEC laws and CFA codes and standards
I suppose we need to understand the context of the question asked. It is not mentioned anywhere in the question whether the US law or CFA code is stricter or otherwise. Therefore, the answer should compare only the stricter of foreign law and CFA code.
Makes sense johnatan1979
johntan1979, you may wish to read the question again when it says:...where local laws and regulations are less strict than CFA Instiute's Code and Standards.