The CFA Institute Research Rules remain similar to prior years. In the last few years a category for ESG was added to the grading criteria, a sub-regional competition was added and the maximum pages for the appendices of the written report was changed to 10 (from 20).
Official Rules are sent to all participating teams. A copy of the rules can be found here.
As a reminder, please review the following:
- The teams are 3 to 5 individuals, either undergrads or grad students or a combination of both. There is a screening rule regarding eligibility.
You cannot have someone who holds a CFA designation (they may have passed exams, but cannot participate if they have been awarded the designation) nor someone who has been participated in a prior CFA Institute Research Challenge. An individual is not eligible if he/she has been or is employed in a role within the core investment management profession. This rule has been in place for several years, but a new process of checking resumes has been implemented. A violation will result in the disqualification of the entire team.
- It is recommended that a 30 minute webcast on Ethics be viewed by team members prior to the competition. Links to various Ethics presentations can be found at CFA Institute's site. Students will need to register at the CFA Institute site in order to compete.
- Students can review sell-side research; however, no sell-side research can be used within their reports. All work must be original. Students may not speak with sell-side analysts, unless that individual is their mentor. As a reminder, it is preferable that mentors are CFA charterholders and the rules regarding time spent with mentors must be strictly observed.
Southwest U.S. Research Challenge co-ordinators know if you need help in finding a CFA charterholder to help mentor your team. The name of the Challenge has been changed to: CFA Institute Research Challenge - Southwest U.S.
- Written reports will only be graded at the Texas local final. For all other levels, scoring will be based on presentation. The slide deck may be changed and updated to be made current for teams who advance beyond the local challenge.
- This year, levels of the competition were to be a combination of Virtual and In-Person but were changed to all Virtual early in 2022.
We will be choosing 8 teams to present at the local challenge. The finalists will be announced in February.
1 team will move on to Sub-Regional.
A few miscellaneous notes: Mentors, Graders, Judges, and Faculty Advisors involved in the Challenge who are CFA charterholders may claim up to 4 CE credits.