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Chartered Financial Analyst Level 1

Chartered Financial Analyst Level 1

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According to the CFA Institute Standards, which of the following statements regarding a member in a supervisory role is correct?

Statement 1: The member must take reasonable steps to ensure that individuals under their supervision adhere to the Code and Standards.

Statement 2: The member must implement the CFA Institute Code of Ethics as a temporary measure in the absence of compliance procedures until the firm establishes adequate supervisory protocols.

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