Framework for Ethical Decision-Making
A framework for ethical decision-making is defined as a set of principles established... Read More
Standard VII outlines the responsibilities of CFA members or Candidates regarding their profession and the CFA Institute.
Standard VII(A) – Guidance designates that members and candidates must not risk the integrity of the CFA Institute.
Standard VII(A) – Guidance designates that members and candidates must not risk the integrity of the CFA Institute or the CFA designation through unethical action associated with exams.
All members and candidates must behave congruently with attaining a level of achievement based on merit. This includes refraining from cheating on exams, providing confidential program information to the public, improperly using affiliation with CFA Institute as a means of self-promotion, misrepresenting information on the Professional Conduct Statement.
Related to confidential program information, this includes specific questions used in a CFA exam or formulas used in exam questions. This information is not to be made public for use by other members or candidates.
Note. Adapted from 2017 CFA Curriculum (p. 209) by CFA Institute, New York: 2017
CFA program rules and policies clearly indicate actions permitted by exam takers. These include but aren’t limited to calculator use, personal possessions, and adherence to the Candidate Pledge. Behaving in a manner that runs counter to said rules violates Standard VII – Responsibilities as a CFA Institute Member or CFA Candidate.
Expressing personal opinions about CFA Institute is not considered a violation, so long as the expression does not include divulging confidential content-specific information.