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Which of the following statements is most correct under the Code and Standards?

A)
CFA Institute members are prohibited from undertaking independent practice in competition with their employer.
B)
Members are prohibited from making arrangements or preparations to go into competitive business before terminating their relationship with their employer.
C)
Consent from the employer is necessary to permit independent practice that could result in compensation or other benefits in competition with the member's employer.



Members are not prohibited from making arrangements or preparations to go into competitive business before terminating their relationship with their employer. CFA Institute members are not prohibited from undertaking independent practice in competition with their employer provided they have consent from their employer. Members must provide notification to their employer describing the types of services to be rendered, the expected duration, and compensation for the services.

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