Ethics Standards of Practice

[JamesLcfa]

Hello,
Does anyone know if we need to memorize the ordering of the Standards of Professional Conduct? For example, do we need to know Standards (III)C is “Suitability”?
Thanks

 

[tickersu]

For me, it certainly helped. I also didn’t make too much effort to do this. As I read through ethics and started a new standard, I would quickly recap the list of the standards I already covered (this way I repeated the list several times by the end). Maybe a similar approach will be useful for you.

 

[JamesLcfa]

Thanks for your response, but actually I mean on the test, would we need to know what each section number stand for?
For example, would answer choices be the following:
a) (III)C Suitability
b) (VI)C Referral Fees
c) (V)C Record Retention
Or is there a chance answer choices might be the following:
a) (III)C
b) (VI)C
c) (V)C
I started memorizing what each section number stand for, but it is quite time consuming.
Thanks.

 

[BullishBear Finance]

Highly doubtful that you would need to memorize what each section number stands for.
BullishBear Finance

 

[Harrogath]

The answers and the questions mention what standard you are analysing with names included, so you will need to remember what the standard means, not its letters and names.

 

[S2000magician]

You do not need to know the numbers of the standards; the titles of each standard will be included in the answer choices.

 

[tickersu]

Just want to clarify– I didn’t say it was needed or not, but it’s something that helped me (and required very little effort). In my mind, I was able to recall the progression of the standards and certain examples, and having the exact list in my head helped with that recollection… Kind of like I could see the standard name and number, and I remembered that X came before Y, in the curriculum.
After reading the standards, though, answering questions was pretty straight forward– with or without the number and letters memorized.