Scan QR code or get instant email to install app
Question:
Laura Bolt, CFA, resides in a country called Lavasia, but frequently does business in Magmaland, with a client who is a citizen of Magmaland. Lavasia’s law applies in this case and states that laws of the client’s home country govern. Lavasia’s laws are more strict than the Code and Standards, while Magmaland’s laws are less strict than the Code and Standards. Bolt is most likely required to adhere to:
A
The Code and Standards.
explanation
Because applicable law (Lavasia’s law) states that the law of the client’s home country governs (which is less strict than the Code and Standards) Bolt must adhere to the Code and Standards.
Take more free practice tests for other PASSEMALL topics with our cfa level 1 exam now!
Related Information
Comments