Hi,
I understand that many CFA Charter Holders only maintain their charter by paying for the CFA Institute subscription but not their respective local society’s subscription. For example in the UK, many asset managers have name suffixes CFA and Chartered MCSI indicating that they are both members of CFA and the CISI (Chartered Institute of Securities and Investment). In order for a CFA Charter holder to gain the Chartered MCSI designation, what she/he has to do is just to pay CISI the annual subscription and get 35 hours of CPD attendance. This is because CISI recognizes the CFA Charter as one of the entry qualifications. As a result, many charter holders give up their CFA UK Society membership. I wonder if similar situations happen in other countries as well?