You have just been employed as the CFA Institute compliance officer for your firm. The firm, which operates in the financial services area and employs a number of CFA members who are both full Charterholders and others, just like you, currently studying the CFA Program.

Required:

a) As the CFA Institute compliance officer, provide a brief checklist of the steps staff should undertake before making the decision, consistent with CFA Standard 1 (A), to dissociate. That is, what issues need to arise, as determined by the CFA member, leading up to the requirement to dissociate.

b) As the CFA Institute compliance officer, one of the staff has asked you how long they need to dissociate for. Provide some discussion in response to this query. Briefly justify your conclusions.