- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 71. Guidance for Standards I-VII
- Subject 1. Standard I (A) Knowledge of the Law
CFA Practice Question
According to Standards of Professional Conduct, the following are procedures for compliance for one of the Standards of Professional Conduct:
- Maintaining current files, of applicable statutes, rules, regulations and important cases in a readily accessible manner.
- Keeping informed, about any changes of laws.
Which Standard of Professional Conduct do these compliance procedures relate to?
A. Standard IV (A) Loyalty
B. Standard I (A) Knowledge of the Law
C. Standard VI (B) Priority of Transactions
Explanation: Members should acquire and maintain knowledge about applicable laws, rules and regulations, etc.
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