- 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.
A. The Standards allow you to follow local practices if they are not illegal.
B. The Standards allow this practice only if approved by a supervisor.
C. The Standards take precedence over local practice and prohibit you from such trading.
User Contributed Comments 10You need to log in first to add your comment.
the standards prohibit, then prohibit....
rule of thumb
Thanks god ...at least one easy one...
I am satisfied that I located this site.
this is very good for IBs doing business in low tier nations
It is not that easy as B also seems a good choice. However, if law of nation allows this then there is no need to disclose to supervisor. So C is correct answer
Remember the order of precedence- Client, Employer then you in terms of interests being served.
AGREE WITH ebere