CFA Institute works to advance and promote policies that serve investor protection over commercial interests; we support the creation and adoption of rules and regulatory standards that improve market structure, transparency, and fairness for all investors with the intent to expand investment industry professionalism.
How We Do This
Policy Research and Advocacy
CFA Institute takes positions on key issues by engaging in evidence-based advocacy, calling on the collective knowledge of our members and a diverse network of experts. Scroll down to select specific issues and research.
Comment Letters
We respond to current issues and proposed regulations and legislation related to ethical conduct, professional standards, and integrity in global capital markets.
View Comment LettersExperts and Committees
Our global team of experts lead policy research and commentary in collaboration with CFA charterholders, think tanks, and standard setters.
Find an Expert
October 2020 CFA Institute Advocacy Update (PDF)
Read about our Advocacy work on improving rules from the US Securities and Exchange Commission and the Department of Labor. We also target global COVID-19 economic risks, systemic risks, and tackle the critical endeavor of establishing ESG standards.
Featured Research
Position Paper
Capital Formation: Investing Pension Contributions in Private Markets Responsibly
16 March 2020
Policy Positions and Research
-
Financial Reporting Requirements & Issues
- Accounting Quality
- Disclosure Effectiveness Principles
- ESG and Sustainability Reporting & Regulations
- European Securities and Markets Authority (ESMA)
- US GAAP: Generally Accepted Accounting Principles
- IFRS: International Financial Reporting Standards
- IOSCO
- Non-GAAP Reporting
- Reporting Supervision and Enforcement
- SEC Funding
-
Auditing Requirements & Practices
-
Corporate Reporting
-
Corporate Governance
- Audit Committee
- Board Independence & Independent Board of Directors
- Board Responsibilities
- Board of Directors Structure
- Dual-Class Shares and Shareholder Rights
- Executive Compensation and Disclosure
- Proxy
- Role of Board of Directors
- Rules and Practices
- Shareholder Voting Rights and Meeting Role
- Small Company Governance
-
Capital Formation
-
Market Structure
-
Investment Products & Services
-
Financial Market Regulation
- Analyst Ethics
- Analyst Research Process
- Robo-Advisors
- Business Continuity Plans for Advisers
- Commission-Based Advice
- Conflicts of Interest
- Credit Rating Agencies Regulation
- Elements of Effective Regulation
- Expanded SEC Examination Program for Advisers
- Fiduciary Duty: Fiduciary Standard & Regulations
- Inducements
- Market Rules Covering Individuals, Firms & Trading Markets
- MiFID Conduct-of-Business Rules
- Payment for Research
- Regulatory Capture
- Systemic Risk & Management in Finance
-
Asset Management Firm Issues