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Question:

Jim Young, CFA, resides in the Republic of Spartica, but frequently does business in Glaburland, with a client who also happens to be a citizen of Spartica. Spartica laws apply, and they state that laws of the client’s home country govern. Spartica’s laws are more strict than the Code and Standards, while Glaburland’s laws are less strict than the Code and Standards. Young is most likely required to adhere to:

A The laws of Spartica.
explanation

Because applicable law (Spartica’s law) states that the law of the client’s home country governs (which is more strict than the Code and Standards) Young must adhere to the laws of Spartica.

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