Rules of Procedure
The Rules of Procedure for Professional Conduct (Rules) and CFA Institute Bylaws provide guidance for conducting investigations into allegations, determining violations, imposing sanctions, conducting disciplinary proceedings, and disclosing violations.
Periodically we review the Rules of Procedure, propose revisions to the Rules, invite member comment, and submit the proposed revisions to the Board of Governors for consideration.
Current Rules of Procedure
Revisions to the Rules of Procedure
In 2017, CFA Institute proposed significant revisions to the 2015 Rules of Procedure.
Applicable Rules for Individuals Under Investigation
Individuals under investigation for industry-related conduct who have not received a Statement of Allegations from the Professional Conduct Program prior to the effective date of the new Rules may choose to proceed under either their applicable Rules or the new Rules.
Any matter related to professional conduct for which the Professional Conduct Program has issued a Statement of Allegations prior to the effective date of the new Rules will proceed under their applicable Rules.