Say a particular action is not a violation of CFAI Standards and laws of Country B but is a violation in Country A’s laws. CFAI Standards say that we need to follow the most strict law i.e. Country A’s laws and regulation. That would means even the action is not allowed in Country B which is wrong, it is allowable in Country B! Can someone justify the sentence “CFAI Standards say that we need to follow the most strict law”?
doesn’t it say wrt to where you are located… you are working in Country A as a investment professional. Country A has standards more strict than CFA Law. Country A’s law then applies. If Country A had less strict laws -> CFA Law would apply. You live in Country A, work in Country B (or for clients of Country B). COuntry A has stricter laws than CFA standards and Country B - Country A law applies. Country B is stricter -> Country B law applies. CFA Law is stricter - CFA Law applies.
I was interpreting “most strict” as in most strict among the 3 which doesn’t make sense. Thanks for clarifying.