CACS Paper 1 Practice Questions - Client Advisor Competency Standards (CACS) Paper 1 - Legislations, Regulations And Industry Codes Of Practice Exam

Which statement about exemptions from CACS Paper 1 is correct?

All CFA Charterholders are automatically exempt from Paper 1 and Paper 2 Anyone with any overseas licence is exempt from Paper 1 Passing RES5 alone exempts a Covered Person from Paper 1 There are no exemptions from CACS Paper 1 because it is a rules and regulations exam

Correct Answer:

There are no exemptions from CACS Paper 1 because it is a rules and regulations exam

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