I did not understand question at all. What is “maintains records of changes in security regulations”? How is it violation? ------------- A CFA Institute member conscientiously maintains records of changes in security regulations. The member notices that his colleagues do NOT, and does NOT say anything. Is this a violation of Standard I(A)? A) Yes, because the member is bound by the Code of Ethics. B) Yes, and the member should disassociate from these colleagues. C) No, as long as the colleagues do not violate the new rules. D) No, as long as he allows the colleagues access to his files. Your answer: B was incorrect. The correct answer was A) Yes, because the member is bound by the Code of Ethics. Component three of the Code says that a member shall “Strive to maintain and improve their competence and the competence of others in the profession.” Ignoring the neglect of rule changes of others would clearly be incongruent with this component. Simply allowing the colleagues access to the files is not enough effort to constitute “striving.” As long as the colleagues do not violate the laws, the member does not have to disassociate himself from the colleagues.
what the explanation is trying to say is, that its a violation since he noticed that his colleagues werent keeping up to date with security regulations and he did not say/do anything about it… its a violation since he should “strive to maintain and improve the competence of others in the profession”…
So should we assume that because they are not keeping records of changes in the regulations, the colleagues are also not following the new rules?