Is there any one who read all Ethics Material can answer my Question.
I have jotted down some points in my Level II Ethics material especially for code of Ethics and 7 Standards which i can see the same common portions for level III as well but if there are portions in between the text edited, modified, or changed, it is hard for me to find it out untill & unless I read whole Level III Ethics material. If Level II & Level III common material are same and not changed anywhere then I think I can read my Level II jotted points that will save my precious time because I jotted down those points after studying thoroughly while preparing for Level II. So, Is it same or changed?
The candidate who read the Level II & Level III common Ethics material will be in better position to answer my question.
Thanking you in anticipation…
The Code of Ethics and the Standards of Professional Conduct are the exact same across all three levels.
However, at Level 3, you also have to learn the asset manager code of conduct, but not the soft dollars or research objectivity.
Personally, I think it would behoove you to re-learn the material and write your notes again–this will help you get the points on the exam. You don’t want to throw away those points because you took the material for granted.
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I also have a question for the Charterholders on the board. If the material is the same, and the vignettes have the same format, will the questions be more or less the same? Or will the questions change somewhat? Should we be looking for something different at Level 3 than at Level 2?
I passed L3 in 2008.
I recall that for ethics, the PM section had a vignette with six multiple choice questions. I assume that’s still how it is, albeit with three choices instead of four. No ethics on the morning session.
The big difference that I saw was that the questions were more difficult. You know, pick the best out of two or three good answers. That sort of thing, and the answer might turn upon a single phrase somewhere in the ethics readings. Needle in the haystack kind of stuff. If you remembered seeing the needle, good for you. Otherwise, take your best shot.
Not sure how much it has changed. Maybe testers from more recent years can chime in.
Ethics at Level III is more focused on finding compliance shortcomings and correcting them than on identifying violations; that’s the main difference between Level III and Levels I and II.