Professional conduct statement
The declaration in which members, each year, and candidates, on registering, disclose matters such as complaints, litigation or regulatory proceedings concerning their conduct. What it reveals can open an inquiry.
Where you will meet it
Professional conduct statement appears in 6 learning outcomes on the CFA syllabus. A few of them:
- Explain how CFA Institute polices the Code and Standards through its Professional Conduct Program
“Inquiries can be prompted by a complaint, by information in the media or other public sources, by a member's or candidate's own disclosures, including the annual Professional Conduct Statement, or by reports of conduct during an examination.”
- Set out how CFA Institute's Professional Conduct Program is organised and the disciplinary steps it uses to uphold the CFA Institute Code and Standards
“Cases begin in four ways: a member's or candidate's own disclosure on the annual Professional Conduct Statement of matters such as a lawsuit or criminal inquiry, a written complaint, public sources such as the press or regulatory notices, and monitoring of exams and online activity.”
- Outline the make-up of CFA Institute's Professional Conduct Program and the steps by which it investigates and disciplines breaches of the Code and Standards
“An inquiry can start from a self-disclosure on the annual Professional Conduct Statement, a written complaint, press or regulatory reports, or exam monitoring.”
- Show a deep grasp of CFA Institute's Code and Standards by using them to resolve particular cases
“Charterholders keep the right to use the designation only while in good standing, which includes paying dues and filing the annual Professional Conduct Statement.”
Learn it properly
Practise it
Practise professional conduct statement until it is automatic: questions that explain every wrong option.
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