Standard II Rules | CFA Level 1 Exam | Test Prep

Standard II

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Question

Standard II includes rules on which of the following?

Answers

Explanations

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A. B. C. D.

C

Standard II - Relationships with and Responsibilities to the Profession - includes rules on the use of Professional Designation, Professional Misconduct and

Prohibition against Plagiarism.

Standard II of the CFA® (Chartered Financial Analyst) Institute's Code of Ethics and Standards of Professional Conduct encompasses rules related to professional conduct for CFA® charterholders and candidates. Let's break down the options provided and see which ones are covered by Standard II.

A. Professional Misconduct: Standard II addresses professional misconduct by CFA® charterholders and candidates. It outlines the behavior expected from them and provides guidelines on acting in an ethical manner. This includes avoiding actions that could harm the integrity of the investment profession, engaging in dishonest practices, or engaging in any behavior that could damage the reputation of the CFA® designation.

B. Prohibition against Plagiarism: Standard II does not explicitly mention a prohibition against plagiarism. Plagiarism generally refers to the act of presenting someone else's work, ideas, or words as one's own without proper attribution. While the CFA® Institute expects its members and candidates to maintain high standards of professionalism and integrity, the specific topic of plagiarism is not covered under Standard II.

C. All of these answers: If we consider the previous explanations, we can conclude that the correct answer is not "C. All of these answers" because Standard II does not include a prohibition against plagiarism.

D. Use of Professional Designation: Standard II does address the use of professional designations. It sets guidelines for the appropriate use of the CFA® designation to avoid misrepresentation or misleading others about one's qualifications. CFA® charterholders and candidates are expected to clearly and accurately communicate their professional designations and qualifications.

In summary, the correct answer is A. Professional Misconduct and D. Use of Professional Designation. These topics are explicitly covered under Standard II of the CFA® Institute's Code of Ethics and Standards of Professional Conduct.