www.finance-training.fr CHANGES 2015/2016 CFA PROGRAM For

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CHANGES 2015/2016 CFA PROGRAM
For all 3 levels, there are some changes in the LOS in several readings. They are not listed as the
readings remain the same.
LEVEL 1
Study session 12
 Added Reading 42 “Risk Management, an introduction”
LEVEL 2
Study session 3
 Added Reading 12 “Probabilistic Approaches: Scenario Analysis, Decision Trees, and
Simulations”
Study session 15
 Removed Reading 46 “introduction to Asset-backed securities”
Study session 18
 Removed readings:
o Reading 53 “Portfolio concepts”
o Reading 54 “Residual Risk and Return: The Information Ratio”
o Reading 55 “The Fundamental Law of Active Management”
 Added Readings
o Reading 53 “An Introduction to Multifactor Models”
o Reading 54 “Analysis of Active Portfolio Management”
o Reading 55 “Economics and Investment Markets”
LEVEL 3
Study Session2
 Reading 3: “Application of the codes and standards, ethics cases” merges last year’s ethics
cases
Cette liste n’est peut-être pas exhaustive.
Si vous détectez un changement qui n’est pas dans la liste, n’hésitez pas à nous en faire part, nous mettrons ce document à
jour.