Which CFA Institute Standard includes a sub-section titled 'Loyalty, Prudence, and Care'?

• A. III(A)
• B. V
• C. II
• D. IV

Answer: (A)

Loyalty, Prudence, and Care sits within Standard III, which covers duties to clients. This sub-section names the core fiduciary obligations you owe to clients: act with loyalty to the client’s interests, exercise prudent judgment, and take careful, diligent steps in handling their affairs. Recognizing this placement helps you remember that these duties are about safeguarding client interests and approaching each decision with care, honesty, and diligence, rather than pursuing personal gain or taking reckless risks.

The other standards cover different areas—such as how professionals interact with markets or how they relate to their employers—so they don’t contain this sub-section.