Knowledge of the law

Standard I(A): understand and comply with all applicable laws, rules and regulations, follow the stricter of the law and the Code and Standards, and never knowingly take part in a violation.

Where you will meet it

Knowledge of the law appears in 2 learning outcomes on the CFA syllabus. A few of them:

• Use Standard I (Professionalism) to judge a case
  CFA Level I · Ethical and Professional Standards

  “Knowledge of the Law requires understanding and complying with applicable laws and regulations, applying the stricter of law or Code and Standards where they differ.”

• Propose practices and procedures that stop breaches of the Code and Standards before they occur
  CFA Level II · Ethical and Professional Standards

  “For knowledge of the law: a current record of the rules in each jurisdiction, regular training, and a route for raising suspected breaches with compliance.”

Practise it

• Today's practice question One question, with every wrong option explained.
• Free Level I diagnostic test Twelve questions that show which topics to start with.
• Free finance calculators Check your arithmetic on the exam's core formulas.

All terms beginning with K · Glossary