References/relevant work experience for CFA qualification

Dear all, Does any one know if corporate finance/private equity experience is relevant to CFA candidacy. My answer to that question was always YES. But apparently the main (eg the boss) sponsor statement questionnaire contains the questions like: 6. The applicant constructs and rebalances portfolios of assets (e.g., fixed-income and equity securities) for clients. Yes No 7. The applicant values and recommends assets (e.g., fixed-income and equity securities) for inclusion in portfolios. Yes No 8. The applicant spends 50% or more of his/her time engaging in one or a combination of the above activities. …which would need to be answered as NO and if so would it mean that the experience is not relevant? Thanks