CFA® Level 1: CFA® Level 1 Exam Prep

Which of the following statements is true?

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Question

Which of the following statements is true?

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Explanations

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A. B. C. D. E. F.

B

All the statements are true. Standard I contains principles that apply to the general activities of members while Standards II-V address specific conduct. In addition to complying with the requirements of the Code and Standards, members must be aware of laws and regulations of foreign jurisdictions. When the Code and

Standards impose a higher degree of responsibility than applicable securities laws, members must adhere to the Code and Standards and vice-versa.