Note: For the purpose of this article, a member refers to both members and candidates.

This standard has two parts:

A. Conduct as Members and Candidates in the CFA Program

This standard states that the members must not engage in activity that affects the reputation of the CFA institute, designation, or exam.

The activities include but are not limited to:

• Cheating or helping others in the exam. An example is when a student writes difficult formulas on his palm before coming for the exam.

• Disregarding the rules and policies of the CFA program. An example is when a student continues to write his answers even when the exam timing is over and the exam administrator has announced that all candidates must stop writing.

• Providing confidential information about the exam or CFA program to other candidates or public. This includes information such as specific details of questions that appeared in the exam, or details of topics that weren't tested.

• Disregarding or not circumventing security measures in the CFA exam

• Using the CFA designation inappropriately

• Using the association with CFA institute inappropriately for personal for professional gains.

• Misrepresenting information to CFA Institute. This includes information in Professional Conduct Statement, Continuing Education Program, etc.

B. Reference to CFA Institute, the CFA Designation, and the CFA Program

This standard states that while referring to CFA Institute, membership, designation, or candidacy, the members and candidates should not exaggerate or misrepresent the meaning or implication of the membership, designation, or candidacy in the CFA program.