Procedures for Compliance with Standard I | CFA Level 1 Exam | Test Prep

Procedures for Compliance with Standard I

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Procedures for compliance with Standard I include ________.

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

E

Members should maintain current reference copies of applicable statutes, rules and regulations in a readily accessible manner. Members should establish a procedure by which employees are kept informed about changes in applicable laws. Members should review procedures on a regular basis to ensure that they reflect current law and provide adequate guidance. When a member suspects illegal activity is being conducted, the member should consult counsel to determine the conduct's legality and dissociate from the conduct if there are reasonable grounds to believe that it is illegal. This applies to the activities of interns or contractors as well.