2025 CFA Level I Exam: Topic 10. Ethical and Professional Standards - Learning Module 3. Guidance for Standards I-VII

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	1. Standard I (A) Knowledge of the Law
	2. Standard I (B) Independence and Objectivity
	3. Standard I (C) Misrepresentation
	4. Standard I (D) Misconduct
	5. Standard II (A) Material Nonpublic Information
	6. Standard II (B) Market Manipulation
	7. Standard III (A) Loyalty, Prudence, and Care
	8. Standard III (B) Fair Dealing
	9. Standard III (C) Suitability
	10. Standard III (D) Performance Presentation
	11. Standard III (E) Preservation of Confidentiality
	12. Standard IV (A) Loyalty
	13. Standard IV (B) Additional Compensation Arrangements
	14. Standard IV (C) Responsibilities of Supervisors
	15. Standard V (A) Diligence and Reasonable Basis
	16. Standard V (B) Communication with Clients and Prospective Clients
	17. Standard V (C) Record Retention
	18. Standard VI (A) Disclosure of Conflicts
	19. Standard VI (B) Priority of Transactions
	20. Standard VI (C) Referral Fees
	21. Standard VII (A) Conduct as Members and Candidates in the CFA Program
	22. Standard VII (B) Reference to CFA Institute, the CFA Designation, and the CFA Program

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