candidate agreement

6/21/2015 Candidate Agreement

https://www.cfainstitute.org/programs/cfaprogram/register/registration/pages/candidate_agreement.aspx 1/12

ShohamDebnath|LogOut

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CandidateAgreementThisagreementappliestoallcandidateswhotaketheDecember2015exam.

1. Enrollment.ToenrollintheCFAProgramandregisterforyourfirstexam,youmust:

a.Haveabachelor's(orequivalent)degreeorbeinthefinalyearofyourbachelor'sdegreeprogramatthetimeofregistration[1],ORb.Havefouryearsofprofessionalworkexperience(doesnothavetobeinvestmentrelated),ORc.Haveacombinationofprofessionalworkandcollegeexperiencethattotalsatleastfouryears.Parttimepositionsdonotqualify,andthefouryeartotalmustbeaccruedpriortoenrollmentandd.SatisfytheprofessionalconductcriteriasetforthinSection4ande.Haveavalidinternationaltravelpassport(seeSection6)andf.Completetheonlineenrollmentandregistrationprocess.

2. Registration.ByregisteringfortheCFAProgram,youunderstand,accept,andagreetocomplywiththeCFAProgramCandidateAgreement,asamendedfromtimetotime.YouunderstandthatCFAInstitutehastheauthoritytovoidyourexamresult,andreject,suspend,orterminateyourcandidacyatanytimeforyourfailuretocomplywiththeCandidateAgreement.

3. CandidatePledge.Onexamday,youwillberequiredtoagreetoandsignacandidatepledgesimilartotheonesetforthbelow:

AsacandidateintheCFAProgram,youagreetocomplywithStandardVII(A)oftheCFAInstituteStandardsofProfessionalConduct,whichstatesthatmembersandcandidatesmustnotengageinanyconductthatcompromisesthereputationorintegrityofCFAInstituteortheCFAdesignationortheintegrity,validity,orsecurityoftheCFAexam.

Priortotheexam,youwillnotgiveorreceiveinformationregardingthecontentoftheexam.Duringtheexam,youwillnotgiveorreceiveanyinformationregardingthecontentofthe

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exam.Afterthisexam,youwillnotdiscloseanyportionofthisexamandyouwillnotremoveanyexammaterialsfromthetestingroominoriginalorcopiedform.Youunderstandthatallexammaterials,includingyouranswers,arethepropertyofCFAInstituteandwillnotbereturnedtoyouinanyform.YouwillfollowallpoliciesandrulesoftheCFAProgram.YourviolationofanyrulesoftheCFAProgramwillresultinCFAInstitutevoidingyourexamresultsandmayleadtosuspensionorterminationofyourcandidacyintheCFAProgram.

4. ProfessionalConductCriteria.AsacandidateintheCFAProgram,youmustabidebytheCFAProgramCandidateAgreement,alltestingpoliciesandrules,andtheCFAInstitutegoverningdocumentsincludingtheBylaws,CodeofEthics,StandardsofProfessionalConduct,andRulesofProcedureforProfessionalConduct(PDF),asamendedfromtimetotime.InordertoenrollintheCFAProgramandregisterfortheCFAexam,youmustnot:

a.Currentlybeorinthelastfiveyearsbeentemporarilysuspendedbyaregulatoryorganizationorjudicialcourtfromparticipationinthefinancialservicesmarketsorfromassociationwithafinancialservicesinstitution.b.Currentlybeorinthelastfiveyearsbeenpermanentlyorindefinitelybarredorexpelledfromparticipationinthefinancialservicesmarketsorassociationwithafinancialservicesinstitutionbyaregulatoryorganizationorjudicialcourt.c.Inthelastfiveyearsbeendeniedtradingprivilegesonasecuritiesorcontractmarket,beendeniedregistrationunderalaworregulation,orprohibitedfromactingasanaffiliatedpersonoremployeeofafinancialservicesinstitution.d.Everbeenconvictedofacrimepunishablebyoneyearormoreinprisonorjail(orotherwisedefinedasafelony).e.Inthelastfiveyearsbeenconvictedofacrimepunishablebylessthanoneyearinprisonorjail(orotherwisedefinedasamisdemeanor)involvinglying,cheating,stealingorotherdishonestconduct.f.Inthelastfiveyearsbeenthesubjectofalawsuit,arbitration,complaint,orotherclaimfordamagesthatwasresolvedagainstyouinanamountexceedingUS$20,000.g.InthelastfiveyearshadcommissionswithheldorafineimposedinanamountexceedingUS$20,000byaregulatoryorganization,judicialcourt,orfinancialservicesinstitution.h.Inthelastfiveyearsbeenfoundtohavecausedanotherpersontoviolateasecuritiesorcommoditiesrelatedlaw,ruleorregulation.i.Inthelastfiveyearsbeenfoundbyaregulatoryorganizationorjudicialcourttohavecausedanotherpersonorinstitutiontobetemporarilyorpermanentlysuspendedorexpelledfromparticipationinthefinancialservicesmarketsorassociationwithafinancialservicesinstitution.

5. TestCenters.WhenyouregisterfortheCFAexam,youmustrequestanexamlocation.CFAInstitutewillassignatestcentertoyoubasedonyourlocationrequestandavailabilitywithinareasonabletraveldistanceofyourrequestedexamlocation.TestcenterchangerequestsmustbereceivedbythedeadlinepublishedontheCFAInstitutewebsite.Testcenterchangerequestsarenotguaranteedandare



approvedonafirstcome,firstservedbasissubjecttoavailability.Requestsforanalternatetestcenterwithinthesamemetropolitanareaarenotaccepted.Attimes,CFAInstitutemaychoosetochangeanexamlocation.Inthesesituations,CFAInstitutewillworktosecureanewtestcenterandnotifycandidatesofthechange.

6. CompliancewithTestingPolicies.YouagreethatyouwillcomplywithalltestingpoliciesrequiredbyCFAInstitute,includingthepolicieslistedbelow:

a.ExamDayAdmissionandDeparturePolicy.Youmustpresentone(1)copyofyouradmissionticketprintedonclean,unusedpaperinordertobeadmittedintothetestcenter.Yourticketisonlyvalidforthetestcenterandexamdatelisted.Youshouldreporttothetestcenteratleastonehourbeforeeachsessioninordertobecheckedinandseated.Thetestingroomdoorswillbeclosedpriortothestartofeachsessionforthereadingoftheinstructions.Onceyouhavecheckedin,youmustremainseatedduringtheadministrationoftheexamuntilallcandidatesaredismissedevenifyoufinishearly.Briefwaterandtoiletbreaksarepermittedhowever,youmustremaininthedesignated,secure,proctoredtestarea.Ifyouhavenotbeenadmittedtothetestingroombeforethedoorsareclosed,youwillnotbeallowedtoenteruntilaftertheinstructionshavebeenread.Instructionswillnotberepeated,andnoadditionaltestingtimewillbegranted.Timekeptbythedesignatedproctoristheofficialtimeonexamday.Ifyouarrivemorethan30minutesafterthestartofthetimedportionoftheexamsession,youwillbeprohibitedfromenteringthetestingroom,willnotbepermittedtotaketheexam,andyourregistrationfeewillbeforfeited.Youmustattendboththemorningandafternoonsessionsoryouwillnotreceivearesult.Ifyoudonotsitforthemorningsession,youwillnotbepermittedtositfortheafternoonsession.Earlydeparturesarenotpermitted.Ifyouleavetheexamroombeforeyouaredismissedbytestingpersonnel,youmaybesubjecttoaprofessionalconductinvestigationanddisciplinarysanctions.

b.IdentificationPolicy.Youmusthaveavalid,internationaltravelpassporttoparticipateintheCFAProgram.Avalid,internationaltravelpassportisdefinedasadocumentthat:

Isissuedbyanationalgovernmentwhichcertifies,forthepurposeofinternationaltravel,theidentityandnationalityofitsholderIscurrent(notexpired)Containsyourname,dateofbirth,passportnumber,expirationdate,andcountryofissuanceIncludesarecognizablephotographonthepassportdatapageandIsanoriginaldocument(photocopieswillnotbeaccepted).

Passportcards,nationalidentificationcards,limitedtraveldocuments,andinternalpassportsarenotvalidformsofidentificationfortheCFAProgramandwillnotbeaccepted.

Youmustenterand/orverifyyourpassportinformationwhenyouregisterfortheexam,andyoumustpresentyourvalid,internationaltravelpassportduringcheckinforboththemorningandafternoonsessionsonexamday.Ifthename,passportnumber,andexpirationdateonyourpassportdonotmatchexactlytheinformationprintedonyourexamticket,youwillnotbepermittedtotaketheexamandyouwillforfeityourregistrationfee.FailurebytheproctorstodetectaninvalidIDdoesnotimplytheIDisvalidorthatyourscoreswillbereported.



c.CalculatorPolicy.OnlytwocalculatormodelsareauthorizedforuseduringCFAProgramexams:

TexasInstrumentsBAIIPlus(includingBAIIPlusProfessional)HewlettPackard12C(includingtheHP12CPlatinum,12C25thanniversaryedition,12C30thanniversaryedition,andHP12CPrestige)

Ifyouintendtouseacalculatoronexamday,youmustbringtheapprovedcalculatorwithyoucalculatorswillnotbeavailableatthetestcenter.Youmaynotborrowacalculatorfrom,orshareacalculatorwith,anothercandidateduringtheexam.

Yourcalculatorwillbeinspectedpriortothestartoftheexam.Yourcalculatormustremainonyourdeskinfullview,andproctorswillcontinuetoinspectcalculatorsthroughouttheadministrationoftheexam.PossessionoruseofanunauthorizedcalculatoratthetestcenterwillresultinthevoidingofyourexamresultsandmayleadtothesuspensionorterminationofyourcandidacyintheCFAProgram.Failurebytheproctorstodetectanunauthorizedcalculatorpriortothestartoftheexam,oryouruseofanunauthorizedcalculatoratanytimeduringtheexam,doesnotimplythatthecalculatorisanapprovedmodelorthatyourresultswillbereported.

Calculatorcovers,keystrokecards,andloosebatteriesarepermittedinthetestingroominstructionmanualsarenot.YoumaykeepasmallscrewdriverwithyouifnecessarytoreplacebatteriesintheBAIIPlus.

d.PersonalBelongingsPolicy.CFAInstitutepermitsonlycertainpersonalbelongingsinthetestingarea.

ThefollowingitemsareNOTpermittedinthetestingroom:FoodordrinksBaggageofanykind,includingtransparentbags,backpacks,handbags,totebags,briefcases,luggage,carryingcases,passportcovers,orpencilcasesStudymaterials,includingnotes,papers,textbooks,orstudyguidesScratchpaper,present/futurevaluetables,orcalculatormanualsHighlighters,correctionfluid,correctiontape,orrulersKnivesofanytypeMobilephones,cameras,headsets,computers,tablets,wearabletechnologysuchasfitnesstrackingdevices,smartwatches,oranyotherremotecommunicationorphotographicdevicesAnytypeofdeskclockortimer

Youareencouragedtoleaveallprohibitedpersonalbelongingsathomeorinyourcar.Asacourtesy,yourtestcentermayhaveanareadesignatedforpersonalbelongings.Ifproctorsorsecuritypersonnelfinditemsthatarenotpermittedinthetestingroom,theywillconfiscatethemorplacetheminthepersonalbelongingsarea.Ifyouarefoundwithitemsnotpermittedinthetestingroom,youmaybesubjecttoaprofessionalconductinvestigationanddisciplinarysanctions.Youwillnothaveaccesstoyourpersonalbelongingsduringtheexam,onlyduringthelunchbreakandattheconclusionoftheexamunlesstheyhavebeenconfiscatedbytestingpersonnel.



CFAInstitute,testingpersonnel,thetestcenter,andvendorsarenotresponsibleorliableforstolen,lost,misplacedordamagedpersonalpropertyinthepersonalbelongingsareaoratthetestcenters.

e.AnswerSheet/ExamBookPolicy.Itisyourresponsibilitytocompletetheanswersheetand/oressaybookinaccordancewiththeinstructions.Youmustbringyourownapprovedwritinginstrumentsonexamday.Forthemultiplechoiceoritemsetportionsoftheexam,yourscoreisdeterminedsolelybyhowyourmarksarereadbythescanningequipment.MarksmadebyawritinginstrumentotherthanaNo.2orHBpencilorthatdonotcompletelyfilltheovalmaynotbereadbythescanningequipment.Failuretofollowinstructionsmayaffecthowthescanningequipmentreadsandrecordsyourinformation.ForLevelsI,IIandtheitemsetportionofLevelIII,answerswrittenintheexambookwillnotbegraded.FortheessayportionofLevelIII,answerswritteninthequestionpagesoftheessaybookwillnotbegraded.Youwillbegivennewexammaterialsforeachsessionyourmorningexammaterialwillnotbereturnedtoyouintheafternoon.Youmustnotopen,read,orworkontheexambeforebeinginstructedtodosobytestingpersonnel.Youmustnotwriteoreraseafterbeinginstructedtostopwritingattheconclusionofthetimedportionoftheexam.

Youarepermittedtodoscratchworkonlyintheexambook.Youmaynotremoveanypagesfromthebook,includingpagesmarkedThisPageIntentionallyLeftBlank.Youmaynotuseyourdesk,tablecovering,hand,paper,admissionticketoranyothersurfaceasscratchpaper.

Ifyouviolateanyofthesetestingpolicies,youmaybesubjecttoaprofessionalconductinvestigationanddisciplinarysanctionsassetforthintheRulesofProcedureforProfessionalConduct.

7. MisconductandViolations.

a.Misconduct.Misconductisanyactivityorconductthatcompromisesorattemptstocompromisethereputation,integrity,validityorsecurityoftheCFAexam.Thisincludesconductoccurringduringenrollment/registration,aswellasconductbefore,duringandaftertheadministrationoftheCFAexam.Misconductincludes,butisnotlimitedto:

i.Creatingadisturbanceduringtheexamii.Givingorreceivingassistanceontheexam,attemptingtocommunicatewithfellowcandidatesorotherpersons,and/orusingbooks,papers,orotherstudyaidsduringtheexamiii.Opening,workingon,orreadingtheexamduringatimenotauthorizedbythetestingpersonneliv.Writingorerasingafterinstructedtostopattheconclusionofthetimedportionoftheexamv.Removingexammaterialsornotesfromthetestingroomvi.Takingpartinanactofimpersonationorotherformsofcheatingvii.Failingtofollowthedirectionsoftestingpersonnelbefore,duringandafterthe



examviii.Usingunapprovedcalculators,mobilephones,cameras,headsets,computers,tablets,wearabletechnologysuchasfitnesstrackingdevices,smartwatches,oranyotherremotecommunicationorphotographicdevices,duringtheexamix.Usingscratchpaperincludingwritingonthefrontorbackofyourexamadmissionticketbefore,during,oraftertheexamx.Askingfor,receivingorusingunauthorizedCFAexamquestionswhenpreparingfortheexamxi.SharingCFAexamcontentwithothersaftertheadministrationoftheexamxii.FailingtocomplywithanyCFAInstitutetestingpolicyandxiii.EngaginginanyotherconductthatcouldbeconsideredbyCFAInstitute,initssolediscretion,tocompromiseorattempttocompromisethereputation,integrity,validityorsecurityoftheCFAexamorCFAInstitute.

b.Violations.MisconductandviolationsofthisAgreement,theCFAInstituteCodeofEthicsand/ortheCFAInstituteStandardsofProfessionalConductmaycometotheattentionoftheCFAInstituteProfessionalConductProgramthroughmanysources,includingwitness/proctorreports,complaints,useofsimilarityanalysis,publiclyavailableinformation,and/orreviewofcandidatesexammaterials.TheProfessionalConductProgrammayconductaninvestigation,pursuanttotheRulesofProcedureforProfessionalConduct,ofanymatterinvolving,orappearingtoinvolve,anymisconductorviolationofanytermofthisAgreementortheCFAInstituteCodeofEthicsand/ortheCFAInstituteStandardsofProfessionalConduct.,Aspartoftheinvestigationordisciplinaryproceeding,CFAInstitutemay(i)contactanypersonorentityitbelievesmaybeabletoproviderelevantinformation,documentsand/orassistanceintheinvestigation,(ii)voidorwithholdyourexamresult,(iii)sanctionyou,including,butnotlimitedtosuspensionorterminationofyourcandidacyintheCFAProgram,and/or(iv)takelegalactionagainstyou.

c.ProfessionalConductProgramCommunications.TheProfessionalConductProgrammaysendnoticesanddocumentsrelatingtoanyinvestigationordisciplinaryproceedingtoyourmailingaddressoremailaddressasshowninCFAInstituterecords.YouareresponsibleforkeepingCFAInstituteadvisedofcurrentmailingandemailaddresses.

8. ExamResults.Theminimumpassingscore(MPS)foreachleveloftheexamisdeterminedbyCFAInstituteaftertheadministrationoftheexams.NeithertheMPSnorindividualcandidatescoresarereleasedtocandidates.Youwillreceivearesultofpassorfail,atopicareaperformancesummaryandascorebandanalysis(failcandidatesonly),postexam.CFAInstitutedoesnotofferanappealsprocessorremarkingservicehowever,youmaypayafeeandrequestthatyourexamscorebemanuallyretabulated.Ifyourexamscoreisfoundtobeaccurate,youwillnotbeprovidedwitharefundoftheretabulationfee.Ifitisfoundthatyourexamscoreisincorrect,evenifitdoesnotchangeyourexamresult,youwillberefundedtheretabulationfee.Yourexamresultmaynotbecancelledatyourrequest.

9. TestingAccommodationsdisabilityandreligious.CFAInstituteofferstheCFAexaminamannerandlocationaccessibletoindividualswithdisabilities



incompliancewiththelaw.YoumustrequestaDisabilityAccommodationatleast75dayspriortoyourexamdate.Inaddition,ifyouhaveareligiousobligationorbeliefthatpreventsyoufromtakingtheexamontheregularlyscheduledexamdate,youmaybeeligibletositfortheexamontheSundayfollowingtheregularexamdate.YoumustrequestaReligiousAlternateDateatleast75dayspriortoyourexamdate.

CFAInstitutedoesnotguaranteethatyourrequestfortestingaccommodationswillbegranted,regardlessofwhetheryouhavepreviouslyreceivedtestingaccommodations.Youmustsubmitarequesteachtimeyouregisterforanexam,evenifyouhavebeengrantedaccommodationsonapriorexam.

10. OwnershipandUseofExamMaterials.

a.TheExamRecord.CFAexambooks,answerdocuments,scores,andcandidateresponsestoexamquestionsincludingnotes(ExamMaterials)aremeasurementinformationandarepartofacandidatesexamrecord.ThisinformationisownedbyCFAInstitute.YouarenotpermittedtoaccessyourExamMaterialsaftertheyarecollectedatthetestcenter.

b.DisclosureofExamMaterial.TheExamMaterialsaretheexclusivepropertyofCFAInstituteandareprotectedbytradesecret,contract,copyright,andotherlaws.NopartoftheExamMaterialsmaybecopiedorreproducedinpartorinwholebyanymeanswhatsoever,includingmemorization,notetaking,orelectronictransmission,unlesspreviouslyauthorizedbyCFAInstitute.Thisprohibitionincludesreproductionorally,inwriting,inanyInternetchatroom,messageboard,forum,orotherwise.Unauthorizeddisclosureoftheexamscontentcouldresultinlegaland/ordisciplinaryaction.

c.CFAInstituteStudyMaterials.CFAInstituteisthecopyrightownerofcurriculum,sampleexams,mockexams,learningoutcomestatements,andallotherCFAInstitutestudymaterials.Uponpurchaseofsuchmaterials,candidateshavealicensetousesuchmaterialsfortheirownexaminationpreparationonly.Candidatesmaynotcopy,alter,distribute,share,emailorpostthematerialswithoutpriorpermissionfromCFAInstitute.Violatorsmaybesubjecttolegaland/ordisciplinaryaction.

11. RefundsandDeferrals.

a.Refundrequests.Afullrefundofyourenrollmentandregistrationfeesisavailablewithintwo(2)businessdaysofpaymentifyouchangeyourmind.Duetofluctuatingexchangeratesoutsideourcontrol,wecannotguaranteethattheexactamountpaidtoCFAInstitutewillbetheamountreturnedincurrencyotherthanUScurrency.Thereafter,enrollmentandregistrationfeesarenonrefundable,evenintheeventofamedicalconditionorotherextremecircumstance.Enrollmentandregistrationfeesarenontransferrable.Paymentsforprintcurriculumordersarenonrefundableoncetheorderhasbeenplaced.

b.Deferralrequests.Deferralstothenextavailableexamareconsideredonacasebycasebasis,andonlyintheeventofoneofthefollowingeventsimpactingthecandidateora



memberofhis/herimmediatefamily:

lifethreateningillness(candidateorimmediatefamilymember)ontheexamdatedeathofacandidatesimmediatefamilymembermandatorymilitaryservice(candidateonly)ontheexamdatenaturaldisaster(candidateslocalarea).

Immediatefamilymemberincludesonlythecandidatesmother,father,sibling,spouse/domesticpartner,orchild.DeferralrequestsmustbereceivedbyCFAInstitutepriortoorwithin10U.S.businessdaysaftertheexamdate.DecisionsondeferralsarefinalandareatthesolediscretionofCFAInstitute.Candidatesawardedadeferralareresponsibleforallapplicablenewcurriculumcharges.

12. ExamDayDisruptionsorExamCompromise.CFAInstitutespriorityistoprotectthesafetyofcandidatesandtheintegrityoftheCFAProgram.CFAInstituteanditstestingagentstakestepsthatareintendedtoensureasafe,standardizedadministrationonexamday.Howevereventssuchasfire,flood,earthquake,storm,outbreakofdisease,orothernaturaldisasters,oractsofmilitary,political,orgovernmentauthorities(oreventhethreatofsuchanevent)couldinterferewiththeexam.IfCFAInstitutesnormaltestingprocessiscancelled,interrupted,delayed,mistimed,orotherwisedisrupted,orifexamcontentiscompromisedasaresultofadisruptiveevent,CFAInstitutemaychangethedate,time,location,orconditionsoftheexamorcanceltheadministrationoftheexamaltogether.InthatcaseCFAInstitutewilldeterminewhetheranalterationoftheexamorothercorrectiveaction,suchascancellingresults,iswarranted.IfCFAInstitutedeterminesthatacorrectiveactionisnecessary,CFAInstitutemayofferaffectedcandidatesaretestatnoadditionalfee(onaregularlyscheduledtestdateoranotherdateselectedbyCFAInstitutewithinthenexttwelve(12)months)orarefundoftheexamfee.Noremedywillbeofferedtoaffectedcandidatesiftheycausedorwereinvolvedintheconductthatresultedintheneedforcorrectiveaction.Ifacandidateacceptstheofferofaretest,thecandidatewillberequiredtoretaketheentireexaminordertoproduceavalidresult.CFAInstitutewillmakealldecisionsregardingtheadministrationoftheexamandanycorrectiveactioninitssolediscretion.Thisparagraphcontainsthesoleandexclusiveremediesavailabletoanycandidateaffectedbyexamdaydisruptionsintestingorapotentialexamcompromise.

13. AdministrativeErrors.CFAInstituteendeavorsatalltimestoproperlyprocess,prepare,handleandscoreallexamsproperly.Intheunlikelyeventthatanerroroccursintheprocessing,preparation,handling,orscoringofyourexam,CFAInstitutewill,ifpossible,correctit.Incaseswhereanypartofthetestingserviceisnotdeliveredorcompleted,CFAInstitute,initssolediscretion,maypermityoueithertoretestatnoadditionalfeeortoreceiveapartialorfullrefundofyourtestingfees.Theremediesdescribedabovearetheexclusiveremediesavailabletoyouforerrorsintheprocessing,preparation,handlingorscoringofexams.

14. OFACRegulations.AsaU.S.corporation,CFAInstitutemustabidebytheregulationsoftheU.S.DepartmentoftheTreasury,OfficeofForeignAssetControl(OFAC).OFACregulationsprohibitusfromdoingbusinesswithpersonsordinarilyresidentincertaincountries,aswellaspersons/entitiesontheSpeciallyDesignatedNationals(SDN)List.Byregisteringfortheexam,yourepresentthatthese



restrictionsdonotapplytoyouoryouremployer.Ifyouattempttoregisterforanexamdespiteapplicablesanctions,wewillcancelyourregistrationandyouwillnotreceivearefund.ReviewtheOFACCompliancePolicy.

15. TrademarkRestrictions.NothinginthisAgreementauthorizesyoutouseanyCFAInstitutetrademarks,servicemarks,orlogos.ConsulttheTrademarkUsageGuidelinesforCFACharterholdersforinstructionstoproperlyusetheCFAmarksafterearningyourcharter.

16. Privacy.CFAInstitutecollectscertaininformationaboutyouduringtheregistrationandtestadministrationprocessfortheCFAProgram.CFAInstituteuses,sharesandprotectsthatpersonalinformationinaccordancewiththeCFAInstitutePrivacyPolicy.

17. REPRESENTATIONSANDWARRANTIES.CFAINSTITUTEMAKESNOWARRANTIESORCONDITIONSOFANYKIND,EXPRESS,IMPLIEDORSTATUTORY,RELATEDTOORARISINGINANYWAYOUTOFTHISAGREEMENT.CFAINSTITUTESPECIFICALLYDISCLAIMSANYIMPLIEDWARRANTYFORMERCHANTABILITYANDFITNESSFORAPARTICULARPURPOSE.

18. LimitationofLiability.TheCFAexammaybeadministeredbyanauthorizedcontractor.YouacknowledgeandagreethatCFAInstituteanditsagentsshallhavenoliabilitytoyouforanyclaiminanywayrelatedtotheCFAexam,includingregistration,thetestingenvironment,deliveryofthecertificate,andexamfees.TOTHEEXTENTPERMITTEDBYAPPLICABLELAW,CFAINSTITUTESHALLNOTBELIABLEFORANYINDIRECT,INCIDENTAL,SPECIAL,PUNITIVE,ORCONSEQUENTIALDAMAGESORANYLOSSOFPROFITS,REVENUE,DATAORUSE.CFAINSTITUTESLIABILITYFORDIRECTDAMAGES,WHETHERINCONTRACT,TORTOROTHERWISE,SHALLBELIMITEDTOTHEFEESPAIDTOCFAINSTITUTEBYYOUFORTHEEXAMINATIONINQUESTION.

19. ChangesandModifications.CFAInstitutereservestherighttodiscontinueandchangetheCFAProgramoranyaspectofitatanytime,includingbutnotlimitedtoprogramentrancerequirements,examcontent,exampassingscore,and/ortestingpolicies.ThisAgreementwillnotchangefromthepointofregistrationuntilyoureceiveyourexamresults,butmaybechangedforfutureadministrations.ChangeswillbepostedontheCFAInstitutewebsite,andyouagreetobeboundbythesechanges.

20. GoverningLawandJurisdiction.ThelawsoftheCommonwealthofVirginia,USAgovernthisagreement.ThepartiesconsenttoexclusivejurisdictionandvenueinthefederalorstatecourtsinAlbemarleCounty,Virginia,USA.

21. ReservationofRights.Inadditiontoanyotherrightsandremediesprovidedbylaworthisagreement,CFAInstituteherebyexpresslyreservesallofitsrightsandremediesarisingoutofabreachofthisagreementand/oranyinfringementofanyofCFAInstitutesintellectualpropertyrights.



[1]Ifyouinitiallyregisterasafinalyearundergraduatestudentwithadegreeinprogress,youmaynotregisterfortheLevelIIexamuntilyouhaveearnedyourdegree,orobtainedprofessionalworkexperiencethatmeetstheseentrancerequirements.Whenyourdegreeisawarded,updateyouraccounteducationinformationtocertifythatyourdegreehasbeenreceived.(GoBack)

Iunderstand,acceptandagreetocomplywiththetermsoftheCandidateAgreement,asamendedbyCFAInstitutefromtimetotime.IunderstandthatCFAInstitutehastheauthoritytovoidmyexamresults,andreject,suspendorterminatemycandidacyatanytimeformyfailuretocomplywiththeCandidateAgreement.

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