Record-Keeping Responsibilities of CFA Members

Very Easy Cfa Institute Code And Standards Investment Analysis - Records

The CFA Institute Code of Ethics and Standards of Professional Conduct emphasizes the importance of maintaining accurate records of investment analysis and client communications. According to the standards, members must ensure that their records are understandable and accessible. Which of the following statements accurately describes the record-keeping responsibilities of CFA Institute members regarding investment analysis?

Members must keep records that are only required for compliance with legal regulations.

Members are required to retain records that support investment analyses and recommendations for a minimum of seven years.

Members can destroy records of investment analyses if they believe those analyses are no longer relevant.

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