wangqianmei

11题说 那个主角去咨询  to clarify if the CFA Charterholder undertaking the IPS review should be a licensed financial advisor，说明他现在正在 undertaking the IPS review. 接着后面回答，they do not require the CFA Charterholder to hold a financial advisor’s license, DESPITE (除非） financial-related advice being given to the pension funds During Any IPS Review（正在办理IPS），所以这个人是需要的。但是他却没办。所以violate the code.

16 意思是不需要咨询师去坚持合理的职责。Contry B's local law doesnt require chaterholders to uphold fiduciary duty,但CFA是要的，CFA's standard is more strict, so 这个时候我们要跟着CFA走，就是要坚持fiduciary duty.

Hope my opinion helps