Responsibilities of Supervisors - CFA Level 1 | Not Covered Employees

Not Covered Employees

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Question

Under Standard III (E) - Responsibilities of Supervisors - which of the following are NOT employees that are covered under this standard?

Answers

Explanations

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

Explanation

As long as investment professionals have employees subject to their control or influence - whether or not the employees are AIMR members, CFA charterholders or candidates for the CFA designation - they exercise supervisory responsibility and hence, are subject to Standard III (E). The non-AIMR members themselves are not subject to compliance.