CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

As per Standard VI (A) of the Code and Standards, which deals with the disclosure of conflicts, a CFA Institute member elected to serve as a trustee of a large pension fund may do so, provided that ______
A. the member may not accept the new position.
B. the new position is not time-consuming and does not take time away from performing his duties to his current employer.
C. the member reports the position and gets the consent of his employer.
Explanation: The member would need to report his appointment and get permission from his superior, since the job is likely to involve investment activities. Whether the position would be profitable to the employer and not time-consuming is irrelevant to the fact that the member would need to report the matter to his employer.

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