CFA Society of the UK is a company limited by guarantee registered in England and Wales under company number 4035569 at the following registered office address:
CFA Society of the UK
4th Floor, Minster House
In these terms:
These Terms are to be read by you in conjunction with any terms, conditions and disclaimers provided in the pages of the Site. We reserve the right to change these Terms at any time without prior notice. Any changes will take effect on the date they are posted onto the Site. You should read and accept the Terms each time you use the Site, to ensure that you are familiar with the most current ones.
Access to the Site is permitted on a temporary basis, and we reserve the right to withdraw or amend the service we provide on the Site without notice (see below). We will not be liable if for any reason our site is unavailable at any time or for any period.
You may access most areas of the Site without registering your details with us. Certain areas of the Site are only open to you if you register and/or are a member. From time to time, we may restrict access to some parts of the Site, or the entire Site.
If you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any third party. We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our opinion you have failed to comply with any of the provisions of these Terms.
All rights, including intellectual property rights, in the Site are owned by or licensed to us. All such rights are reserved. Any use of the Site or its contents, including copying or storing it in whole or in part, other than for your own personal, non-commercial use is prohibited without our prior written consent. You may not distribute, modify, re-post or create any link to any part of the Site without our prior written consent.
You may print off one copy, and may download extracts, of any page(s) from the Site for your personal reference.
You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.
Our status (and that of any identified contributors) as the authors of material on the Site must always be acknowledged.
You may not create and/or publish your own database which utilises sections of the Site and/or any database on the Site or accessible through it without our express written consent.
Commentary and other materials posted on the Site are not intended to amount to advice upon which reliance should be placed. We work hard to ensure that all information on the Site is accurate. However, occasionally errors can occur. Any information is provided on an "as is" basis and we do not give any warranty or make any representation of any kind, whether express or implied, in relation to it.
The use of the Site is at your own risk and we shall not be liable for any loss or damage that might occur, howsoever arising, as a result of your use of or reliance upon the information contained on the Site. You should take appropriate legal, financial or other advice before taking any action arising out of the use of material from the Site.
We aim to update the Site regularly and may change the content at any time. Any of the material on the Site may be out of date at any given time, and we are under no obligation to update such material.
By following the links on the Site, you will be transferred to external websites belonging to and managed by third party providers. The linked sites are not under the control of CFA UK and CFA UK is not responsible for the contents of any linked site, or any link(s) contained in a linked site, or any changes or updates to such sites. We have included these links for your convenience and the inclusion of a link does not imply or constitute CFA UK endorsement of the site or any products or services advertised on or provided through it. We accept no responsibility for any loss or damage you sustain by visiting these websites or booking anything through them.
We have not verified any of the information provided to us by third party providers (including but not limited to dates, times, venues and the content and syllabus of training offered, or its suitability for any purpose) and it is your responsibility to ensure that anything you book is fit for purpose and appropriate for your requirements. Links are provided by CFA UK on the Site in good faith and in reliance on information we have been provided.
When you book yourself on to any training, or book any other service(s), provided by any third party provider, you will have to agree to their terms and conditions and a contract will be formed between you and that third party provider. Unless their website states otherwise, you will normally be deemed to have accepted such terms in full by placing the relevant booking.
Please review all applicable terms carefully as we have not done so and we disclaim any liability for any loss or damage you suffer as a result of contracting with any third party.
If you have any concerns regarding a booking, or any feedback regarding any services you have received, please raise those directly with the relevant third party provider. You may also wish to inform us, but we will not be under any obligation to act upon that information or to liaise directly with the third party in order to resolve issues or to address complaints.
We shall not be obliged to continue to offer any third party links through the Site and may remove such links (or replace them with links to other third parties' sites) at any time and at our discretion.
Various CFA UK activities, services and events are provided by, in conjunction with, or in reliance upon third parties. If this is the case, we will specify that at or before the time of your booking. Where third party providers are involved, unless we explicitly state otherwise, you will also have to comply with, and be subject to their own terms and conditions (although, in the event of conflict, CFA UK’s Terms shall prevail).
In addition, you and/or CFA UK may have to provide your personal details to the relevant third party/parties. By booking any such activity, service or event, you give us your consent to do so.
Information about you and your visits to the Site
Information provided to or by us through the Site, including by email, cannot be guaranteed to be secure or error-free. Such information may be subject to loss, interception, or alteration. We will not be liable for any loss or damages, howsoever arising, occurring as a result of such electronic communication being lost, intercepted or altered or affected in any other way.
You may not use the Site for any of the following purposes:
(a) disseminating any unlawful, harassing, libellous, abusive, threatening, harmful, vulgar, obscene, or otherwise objectionable material or otherwise breaching any laws;
(b) transmitting material that encourages conduct that constitutes a criminal offence, or otherwise breaches any applicable laws, regulations or codes of practice;
(c) interfering with any other person's use or enjoyment of the Site; or
(d) making, transmitting or storing electronic copies of materials protected by copyright without the permission of the owner.
You will be responsible for our losses and costs resulting from your breach of this term.
To the extent permitted by law we expressly exclude any liability for direct, indirect or consequential loss or damage incurred by you or any other user or third party in connection with the Site or in connection with the use, inability to use or results of the use of the Site, any websites linked to or from it and any materials posted on it, howsoever caused.
In addition to any specific limitations and exclusions of liability set out in these Terms, CFA UK shall have no liability for any loss or damage caused or contributed to by any act, omission matter or circumstance which is outside the reasonable control of CFA UK or which is caused or contributed to by any act, omission, or breach of these Terms by you or of any third party.
We do not exclude or limit our liability for death or personal injury caused by our negligence, or for fraud or fraudulent misrepresentation.
We make every effort to ensure that the Site is free from viruses or defects. However, we cannot guarantee that your use of the Site or any websites accessible through it will not cause damage to your computer or otherwise. Nor do we guarantee that use of the Site will be uninterrupted, timely, secure and/or error free. It is your responsibility to ensure that the right equipment is available to use the Site and to filter out anything that may damage it or your computer or other equipment. We shall not be liable to any person for any loss or damage which may arise to computer or other equipment as a result of using the Site.
You must not misuse the Site by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to the Site, the server on which the Site is stored or any server, computer or database connected to the Site. By breaching this provision, you might be committing criminal acts and be subject to prosecution. We will report any such breach to the relevant law enforcement authorities and we will cooperate with those authorities by disclosing your identity and any other information we hold to them. In the event of such a breach, your right to use the Site will cease immediately.
These Terms are governed by English law and are subject to the exclusive jurisdiction of the English courts. We do not accept amendments to these Terms.
If you have any concerns about material which appears on the Site, or have any questions about these Terms, please contact email@example.com.
Cancellations must be received at least five working days before the event date (by letter, fax or email to firstname.lastname@example.org), otherwise a refund cannot be made. Refunds will incur a 10% administration charge. No fees will be refunded for cancellations made within five working days of the date of the event. Fees paid for events cancelled by the member cannot be transferred to other events unless CFA UK otherwise agrees.
We accept changes to delegates free of charge, but changes must be notified by email to email@example.com at least five working hours prior to the event taking place (apart from the Annual Conference). If we are not notified, we may not allow the substitute delegate access to the relevant event.
We reserve the right to refuse admission to the event if pre-payment has not been made by the date of the event, in the event of late arrival or if registration has closed.
In an event is not charged for, we reserve the right to overbook due to anticipated non-attendance levels. Therefore, admission to some events may be refused on the day, in the event of a larger number of booked members attending than expected. We are not liable for any loss or inconvenience caused by entry being refused to an event if such a situation arises.
Proof of booking must be presented on entry and CFA UK may refuse entry if this is not provided.
We reserve the right, for any event, to change the programme, the price and/or speakers at any time and without prior notice. We also reserve the right, in our absolute discretion, to cancel an event, in which case our liability to you will be limited to a refund of the registration fees already paid.
All attendees must comply with the terms and conditions imposed by third party providers at events arranged by those third parties.
We may take photographs and/or video at our events and use those for promotional purposes, including publishing them in our publications and brochures. Please advise us in advance of the event if you do not wish to be included in this way.
CFA UK has no liability for any loss or damage that any person might suffer arising from attendance at any CFA UK event or third party event advertised on the CFA UK website or arising from refusal (by CFA UK or by any third party) to permit entry to an event in accordance with these Terms.
To request information about membership please contact firstname.lastname@example.org.
All CFA UK members must sign and comply with the CFA Institute’s Code of Ethics & Standards of Professional Conduct or CFA UK’s Code of Ethics and Standards of Professional Conduct.
Designations awarded by CFA UK may only be used by members who have passed the relevant qualifications and are active (paid-up) members of CFA UK. Nobody else is permitted to use those designations. CFA UK reserves the right to withdraw a previously awarded designation if information comes to light that may affect CFA UK’s assessment of the member’s suitability to hold the designation.
Certain types of membership may only be applied for via CFA Institute and members must update their details the same way. Fees for the same are set by CFA Institute and are not pro-rated for joining during the membership year.
The time limited 2016/2017 membership offer is open to all new members who have never been a member of CFA UK, and lapsed members who had previously held membership of CFA UK prior to 2014.
We reserve the right to terminate or suspend membership benefits if the required renewal payment is not received by the start of the membership year. CFA UK also reserves the right at any time to terminate the membership of any member who is deemed to have acted outside of the CFA UK Code of Ethics and Standards of Professional Conduct.
There are no refunds or reimbursements for membership services that have not been utilised during the membership term.
Membership benefits will not start until full payment is received. Payments can be made online using a credit or debit card, manually by bank transfer or by cheque. CFA UK does not issue invoices for membership fees. A VAT receipt will be despatched on request.
A confirmation email will be sent to the email address provided once an online membership application has been submitted.
CFA UK reserves the right to amend membership fees, which are currently revised annually.
CFA UK has no liability for any loss or damage that any person (including any member or potential member) might suffer arising from:
The level of the IMC qualification may be changed by Ofqual, the regulator of qualifications.
CFA UK also reserves the right to update the IMC syllabus from time to time, and it is the candidate’s responsibility to check for updates which will be published on CFA UK's Site.
In order to sit the examination at the Pearson VUE test centre, you must provide one of the following forms of identification upon arrival at the test centre:
Failure to present the appropriate identification will result in your being denied entry to the examination and forfeiting your examination fee. No other forms of ID may be used for admittance to the exam.
The name on your identification must EXACTLY match the name you provided when you registered for the examination. Pearson Vue test centre staff have no discretion to waive or vary the identification rules. Please email email@example.com at least two business days prior to your scheduled appointment to make any corrections if necessary.
If you do not have one of the accepted forms of identification, please make Alternative ID arrangements with CFA UK at least two business days prior to your scheduled appointment.
CFA UK takes cheating and other forms of malpractice very seriously. Should a candidate be found to have cheated in the exam, their result (and any qualification) will be withheld and they will not be allowed to retake the exam unless express consent is given by CFA UK.
CFA UK also retains the right to inform third parties (including employers, regulators and other awarding bodies) when a candidate is found to have cheated in an exam. Candidates suspected of cheating have the right to access our complaints and appeals procedures.
Cheating and malpractice include, but are not restricted to:
CFA UK employees and people undertaking work on behalf of the CFA UK will not be subjected to harassment and will not engage with customers (either members or non members) who become abusive or whose complaints/enquiries are vexatious. Repeated complaints/enquiries from people who are abusive or vexatious may result in a complaint/enquiry taking longer to complete than necessary. CFA UK reserves the right to cease to communicate with a customer about a particular matter, or at all, if communication with the CFA UK is believed to be abusive or vexatious. CFA UK may also take disciplinary action against any candidate who is found to have demonstrated abusive or vexatious behaviour and is in breach of the CFA Code of Ethics. All forms of communication including email, letter and telephone or face to face conversations, are covered by this policy.
A print out of your provisional results will be provided at the end of your examination at the test centre. Please note that the provisional results are not final and may be subject to change.
Provisional examination results can also be viewed online three working days after the examination has been completed. Online results are strictly provisional and are only confirmed upon postal receipt of your official confirmation.
Examination results are not given out over the telephone.
Official, confirmed examination results will be posted to you within 21 days of the examination date. The results will be sent via post to the address you have requested, and if your employer has paid your examination fee your results will also be sent to your employer. Any change of employer must be notified as soon as possible in writing or via email to firstname.lastname@example.org and we have no liability for sending your results to the wrong third party if you have not notified us at least 5 working days prior to the examination date.
Replacement certificates may, at CFA UK's discretion, be provided to candidates who have lost or damaged the original. Requests should be made in writing, along with a photocopy of your photo ID (passport or driving licence) and the payment of a certificate replacement fee.
To download all policies relating to the IMC examination, please click here.
An IMC certificate confirming your examination result will be provided to candidates who have successfully completed the IMC examination. If an official confirmation has not been received, you must inform CFA UK within three months of your qualification date. If a certificate has been received but is damaged, you must inform CFA UK within 10 business days of receipt, in order to obtain a replacement certificate.
Exemptions may be requested but are given entirely at the discretion of the CFA UK.
CFA UK reserves the right to deny individual exemption requests or to discontinue exemptions based on a particular examination at any time.
Exemption may be awarded to any applicant who holds the appropriate qualification(s) that appear on the CFA UK Exemption Policy.
By applying for exemption, applicants give express permission to CFA UK to confirm their qualification with CFA Institute or other awarding body.
CFA UK may also provide special considerations and reasonable adjustments at its discretion, save as required by law.
Please direct any questions to email@example.com.
CFA UK has no liability for any loss or damage that any person might suffer arising from:
IMC Advantage courses are undergraduate courses that incorporate parts of the IMC into the syllabus and are run by third party university providers. The links for these providers can be found on the CFA UK website.
Completion of an IMC Advantage course does not lead to the award of an IMC certificate, nor does it guarantee that a candidate who has completed an IMC Advantage course will pass any IMC examination(s) or that any particular course will be suitable for that candidate's needs.
While CFA UK has aligned itself with third party providers of such courses, it has done so in good faith on the basis of information provided to it, and the inclusion of any such link does not imply or constitute CFA UK endorsement of any provider or the course (or any of its content) advertised or provided by them. We accept no responsibility for any loss or damage sustained by enrolling on any course provided by a third party provider.
Registration for IMC Advantage courses must be made directly with the third party provider. All attendees will be subject to and obliged to comply with the relevant third party's terms and conditions for each course. The third party provider is not acting for or on behalf of CFA UK and does not represent CFA UK in any way.
CFA UK makes no representations or recommendations around courses offered by third parties, and it is the responsibility of candidates to ensure that any course they enrol on is appropriate and suitable for their requirements.
Acceptance to any course is at the discretion of the third party provider.
CFA UK has no liability for any loss or damage that any person might suffer arising from:
The Official Training Manual (OTM) is produced by CFA UK as a self-study solution for candidates.
The OTM provides broad coverage of the IMC syllabus, and will be updated as necessary to cover syllabus changes. Candidates are encouraged to visit the IMC website regularly to check for OTM updates and CFA UK shall have no liability for any loss or damage arising out of a candidate's failure to use the most up-to-date version of the OTM from time to time.
CFA UK does not represent or guarantee that reviewing the OTM will ensure that a candidate passes the relevant examination(s).
CFA UK reserves the right to amend the OTM fees from time to time. Fees are reviewed annually with regular increases that are typically slightly ahead of the rate of inflation to reflect the cost of operating and investing in the qualification.
To ask any questions about the OTM, please contact firstname.lastname@example.org.
Payments can be made online using a credit or debit card, manually by bank transfer or by cheque. You may also purchase the OTM from CFA UK's offices, paying in cash, or by credit or debit card, or cheque, provided that you have arranged this with us in advance.
CFA UK does not issue invoices for OTM purchases. A VAT receipt will be provided on request.
Please note that refunds are not available for OTMs purchased in person. You have a right to return, for a full refund, OTMs purchased online under the Consumer Protection (Distance Selling) Regulations 2000. If you do wish to return the OTM for a refund, it must be unopened and returned (at your own cost) within 8 days of receiving it.
A delivery charge, which will be displayed at checkout, will apply to all orders and additional costs will apply for delivery outside of the UK.
Upon receipt of payment in cleared funds, OTMs will be sent out within five working days, however please allow up to 10 working days for delivery.
If your OTM has not arrived, please contact us within 30 business days of payment. We will investigate and, if appropriate, send a replacement. If your OTM is damaged upon receipt, please let us know within 10 business days of payment and we will investigate.
If you receive incorrect items in your order you will have to return them to us, but we will cover your reasonable postage costs of doing so.
Please note that the OTM and all rights (including intellectual property rights) in and to it, and derived from it, are the property of CFA UK or its licensors. You may not copy, retransmit or deal in any manner with any content of the OTM without CFA UK’s express prior written consent.
You may not copy, scan, store, reproduce, re-sell or transfer to any third party all or any part of the OTM without our prior written consent.
CFA UK has no liability for any loss or damage that any person might suffer arising from:
When contacted, CFA UK needs certain information, including your name and postal and/or e-mail addresses to process your enquiry. This information is retained by CFA UK for a reasonable time, unless you have asked us to delete it. Our security procedures mean that we will request proof of identity before we are able to disclose personal data (even if it is yours) to you.
We will have in place a level of security appropriate to the nature of the data and the harm that might result from a breach of security. Data relating to you and your use of the Site is held in our corporate databases. We will:
CFA UK, a data controller, will use the data gathered (and any further information which is necessary to enable the processing to be fair) to:
Cookies are small pieces of information that are stored by your browser on your computer's hard drive. Our cookies do not contain any personally identifying information. Most Web browsers automatically accept cookies, but you can usually change your browser to prevent that.
If you would like to see the information that CFA UK holds about you, please contact us in writing or via email, enclosing a cheque for £10 (made payable to CFA UK) along with proof of your identity. CFA UK will provide a response within 40 calendar days of your payment being received, your identity being confirmed and us receiving any other information we require in order to locate the information we hold about you.
The information you provide may be shared with third parties in order to obtain services for you. CFA UK will always ask your permission before sharing your details with third parties unless you have already consented or we are required to share your details by law.
A. Knowledge of the Law. Understand and comply with all applicable laws, rules, and regulations (including the CFA Institute Code of Ethics and Standards of Professional Conduct) of any government, regulatory organization, licensing agency, or professional association governing their professional activities. In the event of conflict, comply with the more strict law, rule, or regulation. Do not knowingly participate or assist in and dissociate from any violation of such laws, rules, or regulations.
B. Independence and Objectivity. Use reasonable care and judgment to achieve and maintain independence and objectivity in your professional activities. Do not offer, solicit, or accept any gift, benefit, compensation, or consideration that reasonably could be expected to compromise your own or another’s independence and objectivity.
C. Misrepresentation. Do not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other professional activities.
D. Misconduct. Do not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on your professional reputation, integrity, or competence.
II. INTEGRITY OF CAPITAL MARKETS
A. Material Non-public Information. If you possess material non-public information that could affect the value of an investment you must not act or cause others to act on the information.
B. Market Manipulation. Do not engage in practices that distort prices or artificially inflate trading volume with the intent to mislead market participants.
III. DUTIES TO CLIENTS
A. Loyalty, Prudence, and Care. You have a duty of loyalty to your clients and must act with reasonable care and exercise prudent judgment. You must act for the benefit of your clients and place your clients’ interests before your employer’s or own interests. In relationships with clients, you must determine applicable fiduciary duty and must comply with such duty to persons and interests to whom it is owed.
B. Fair Dealing. Deal fairly and objectively with all clients when providing investment analysis, making investment recommendations, taking investment action, or engaging in other professional activities.
1. When in an advisory relationship with a client, you must:
a. Make a reasonable inquiry into a client’s or prospective clients’ investment experience, risk and return objectives, and financial constraints prior to making any investment recommendation or taking investment action and must reassess and update this information regularly.
b. Determine that an investment is suitable to the client’s financial situation and consistent with the client’s written objectives, mandates, and constraints before making an investment recommendation or taking investment action.
c. Judge the suitability of investments in the context of the client’s total portfolio.
2. When responsible for managing a portfolio to a specific mandate, strategy, or style, only make investment recommendations or take investment actions that are consistent with the stated objectives and constraints of the portfolio.
D. Performance Presentation. When communicating investment performance information, make reasonable efforts to ensure that it is fair, accurate, and complete.
E. Preservation of Confidentiality. Keep information about current, former, and prospective clients confidential unless:
1. The information concerns illegal activities on the part of the client or prospective client.
2. Disclosure is required by law.
3. The client or prospective client permits disclosure of the information.
IV. DUTIES TO EMPLOYERS
A. Loyalty. In matters related to your employment, act for the benefit of your employer and do not deprive your employer of the advantage of your skills and abilities, divulge confidential information, or otherwise cause harm to your employer.
B. Additional Compensation Arrangements. Do not accept gifts, benefits, compensation, or consideration that competes with, or might reasonably be expected to create a conflict of interest with, your employer’s interest unless you obtain written consent from all parties involved.
C. Responsibilities of Supervisors. Make reasonable efforts to detect and prevent violations of applicable laws, rules, regulations, and the Code and Standards by anyone subject to your supervision or authority.
V. INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTION
A. Diligence and Reasonable Basis.
1. Exercise diligence, independence, and thoroughness in analyzing investments, making investment recommendations, and taking investment actions.
2. Have a reasonable and adequate basis, supported by appropriate research and investigation, for any investment analysis, recommendation, or action.
B. Communication with Clients and Prospective Clients.
1. Disclose to clients and prospective clients the basic format and general principles of the investment processes used to analyze investments, select securities, and construct portfolios and promptly disclose any changes that might materially affect those processes.
2. Use reasonable judgment in identifying which factors are important to their investment analyses, recommendations, or actions and include those factors in communications with clients and prospective clients.
3. Distinguish between fact and opinion in the presentation of investment analysis an recommendations.
C. Record Retention. Develop and maintain appropriate records to support their investment analysis, recommendations, actions, and other investment-related communications withclients and prospective clients.
VI. CONFLICTS OF INTEREST
A. Disclosure of Conflicts. Make full and fair disclosure of all matters that could reasonably be expected to impair your independence and objectivity or interfere with respective duties to your clients, prospective clients, and employer. Ensure that such disclosures are prominent, are delivered in plain language, and communicate the relevant information effectively.
B. Priority of Transactions. Investment transactions for clients and employers must have priority over investment transactions in which you are the beneficial owner.
C. Referral Fees. Disclose to your employer, clients, and prospective clients, as appropriate, any compensation, consideration, or benefit received from, or paid to, others for the recommendation of products or services.
An SPS may be issued to eligible members annually in the form of a certificate. To apply for an SPS please commence your SPS application via the website.
To be eligible for an SPS, members must fulfil the following criteria (as assessed by CFA UK in its absolute discretion):
Notwithstanding the foregoing, all applications are accepted at the discretion of CFA UK.
Each SPS is issued by CFA UK and CFA UK will determine, in its absolute discretion, its period of validity. CFA UK may also reject an SPS application or cancel a previously issued SPS for any member at any time, including (but not limited to) if that member ceases to fulfil any of the above criteria.
Members applying for the SPS will have to sign a disclosure consent form permitting CFA UK to seek information from, and share information with, third parties (such as CFA Institute, the FCA (or other regulatory body) and their employer).
By submitting your application, you agree and acknowledge:
That you may face disciplinary action if you fail to comply with any of the above terms and conditions.
CFA UK may refuse to issue or renew an SPS if any of the above criteria are not met, or until such time as CFA UK is satisfied that there is no misconduct or risk of misconduct which may put a member's clients' interests at risk.
The issue of an SPS is free to active CFA UK members who apply for an SPS for 2016 but CFA UK reserves the right to charge for applications received after that period, and for future years.
It is the responsibility of the individual member to track their own CPD and to plan in advance to meet any annual requirement to which they may be subject. Members must collect any evidence of actual engagement for the full period of hours recorded in the CPD record/log. Attendance will be monitored as CFA UK deems appropriate. Members are responsible for entering all the required data into their CPD log or members’ account as required.
10% of CPD logs for those members requesting a Statement of Professional Standing (‘SPS) will be audited on an annual basis. Candidates will be informed via email if they are selected for audit and will be required to submit evidence of their CPD within the specified timeframe.
CFA UK reserves the right to contact a member's employer, colleagues, previous employer, third party CPD provider, other Accredited Body, the CFA Institute or the FCA (or other regulatory body) for SPS auditing purposes. Members who refuse to participate in the audit will not be issued with an SPS. Members, who are found via the audit process, to have not complied with the CPD requirements, may have their SPS cancelled by CFA UK if it has already been issued. If an SPS has not yet been issued, members who have not complied with the CPD requirements will not be issued with an SPS. Appeals to the outcome of the audit can be submitted in writing no later than two weeks after the audit results are released.
CFA UK has no liability for any loss or damage that any person might suffer arising from its failure to issue or renew an SPS, or its rejection, cancellation or withdrawal of an SPS already issued, if an applicant fails to:
CFA UK will also have no liability for any loss or damage suffered as a result of a disciplinary or investigative procedure commenced by CFA UK or CFA Institute if it believes that a member has provided false or misleading information or is otherwise not in compliance with the relevant Code of Ethics and Standards of Professional Conduct.
CFA UK has no liability for any loss or damage that any person might suffer arising from:
CFA UK may issue, from time to time, written verifications of the following matters for its members and candidates:
Verification requests must be sent by email to email@example.com. CFA UK will issue verifications by e-mail and CFA UK does not provide copies of certificates or hard copy confirmations of qualifications, membership or designations. Verifications will only be sent to the e-mail address from which the request for verification was sent and any addresses which were copied in to that original request.
CFA UK may refuse any request for verification in its absolute discretion and does not offer refunds for verifications that it provides.
Payment may only be made by credit or debit card and these must be sent at the same time as the request. The details supplied will only be used to take payment for the verification, and the card details are not stored by CFA UK once the payment has been successfully taken. Payment will not be taken until the verification request is processed by CFA UK.
Verifications will not be processed unless the correct documentation has been supplied. CFA UK will process requests in the order in which they are received with all required documentation and, if that supporting information is not received within one month of the initial verification request, CFA UK will discard the request and take no further action in its respect.
CFA UK reserves the right to request certification as proof of qualification for verification processes.
CFA UK does not issue invoices for verifications or issue receipts unless requested in writing (which may be done at the same time as the verification is requested).
CFA UK will verify all the qualifications obtained by the relevant candidate or member from CFA UK and CFA Institute in the UK unless expressly requested not to do so by the member in their consent form.
CFA UK will provide information regarding membership to those who email directly with a verification request. People who are contacted are under no obligation to take up membership, and can request to be unsubscribed from the mailing list.
CFA UK has no liability for any loss or damage that any person might suffer arising from: