Ethics Challenge

2026 Sponsorship Opportunities

SAVE THE DATE!

Members are invited to attend our 10th Annual Prairie Region 2026 CFA Society Winnipeg Ethics Challenge. Join us for a Meet & Greet with student teams on Friday, January 30th and the competition on Saturday, January 31st. 

Event registration for spectators will open soon.

Student participants must register by November 30, 2025.

CFA Societies Canada Ethics Challenge

Real-world ethics. Career-ready skills. A head start on your CFA® Program journey.

The CFA Societies Canada Ethics Challenge advances the profession’s highest standards of ethics, education, and professional excellence by preparing students to navigate real ethical dilemmas they’ll face in investment management while introducing concepts that appear in the CFA Program.

Past National Winners

2025 University of Regina EN / FR
2024 HEC Montréal EN / FR
2023 University of Saskatchewan EN / FR

Two Ways to Participate

  • Team Competition: Local case competition hosted by CFA Societies across Canada → National Round (virtual)

  • (NEW) Individual Competition: Online Preliminary Individual Round → National Individual Round (virtual)

What You’ll Gain

·        Apply the CFA Institute Code of Ethics & Standards of Professional Conduct to practical scenarios

·        Strengthen judgment, integrity, communication, and teamwork

·        Augment classroom learning with case-based practice and mentoring

·        Receive hands-on mentoring

·        Network with professionals and peers to make inroads within the industry

Local Team Competition

Team Competition - How It Works

Local Round: Hosted by local CFA Societies in BC, Alberta, Prairies (SK & MB), Ontario, Québec, and Atlantic Canada.

  • A faculty advisor assembles and guides a team of 3-5 students.
  • Teams have ~3 weeks to work on the case, deliver a 10-minute presentation and a 10-minute Q&A to judges.
  • One local winner from each region advances to the National Round. 
  • National Round (May 1, 2026 • virtual): Teams receive a new case and have 23 hours to prepare and submit a recorded presentation; judges then conduct live Q&A before selecting the national champion.

2026 Official Rules (Team Competition)

Participation Agreement

TEAM

2025-2026 Timeline

Date Description
October 31, 2025 Universities confirm participation with local host (local CFA Society).
November 30, 2025 Registration deadline for all students and faculty advisors.
December 15, 2025 to January 18, 2026 Competition kick-off with an interactive ethical decision-making online program from CFA Institute in the Ethics Learning Lab.
January, 2026 Each local host Society will distribute the Local Competition Ethics Case study to all registered competing universities (three weeks prior to Local Competition).
January - February, 2026 Local Competitions are held throughout the country at local Host Societies.
January 31, 2026 2026 CFA Society Winnipeg Ethics Challenge (Prairie Region) hosted in Winnipeg
May 1, 2026 2026 CFA Societies Canada Ethics Challenge – National Round held virtually where finalists from across Canada compete for the national title.The National Round will also include an individual student competition and an informational interactive event which is open to both competing and all other interested students.

NEW Individual Competition

Individual Competition - How It Works

  • Preliminary Individual Round (mid-December 2025 to mid-January 2026): Complete the interactive, self-study Ethical Decision-Making Program in the CFA Institute Ethics Learning Lab (includes quizzes, polls, discussion prompts, reflections, and a leaderboard). 
  • Advancement: The top 25 scorers are invited to the National Individual Round.
  • National Individual Round (May 1, 2026 • virtual): Case-based and individual questions test knowledge and comprehension of the CFA Institute Code of Ethics and Standards of Professional Conduct; the winner is announced at the conclusion.
  • Register by November 30, 2025.

2026 Official Rules (Individual Competition)

Participation Agreement

REGISTER HERE

INDIVIDUAL

2025-2026 Timeline

Date Description
November 30, 2025 Registration deadline for all individual student participants.Register here: https://cvent.me/LqNg3O
December 15, 2025 to January 18, 2026 Preliminary Individual Round starts with an interactive ethical decision-making online program from CFA Institute in the Ethics Learning Lab.
January 2026 The top 25 scorers from the ethical decision-making online program will be invited to the National Individual Round in May.
May 1, 2026

2026 CFA Societies Canada Ethics Challenge – National Individual Round held virtually where invitees from the Preliminary Individual Round from across Canada compete for the national individual title. The National Individual Round will also include a parallel team-based student competition and an informational interactive event which is open to both competing and all other interested students.

CFA Society Winnipeg Ethics Challenge Events

February 1, 2025

2025 Winning Team

2025 Judges

2025 Sponsors

February 3, 2024

2024 sponsorship

2024 Winning Team

2024 officials

February 11, 2023

2023 Winning Team

2023 sponsorship

2023 officials

February 12, 2022

2022 officials

2022 sponsorship

February 13, 2021

2021 Winning team

2021 officials

2021 sponsor prize

2020 Winning Team

Saturday, February 15, 2020 CFA Society Winnipeg was host of the 4th annual competition.
Congratulations to the winning team from University of Regina. 

2019 Winning Team

Saturday, February 9, 2019 CFA Society Winnipeg hosted the 3rd annual competition.
Congratulations to the winning team from Univeristy of Winnipeg.

2018 Winning Team

Saturday, January 27, 2018 CFA Society Winnipeg was host to the 2nd annual competition with 7 university teams participating from Alberta, Saskatchewan and Manitoba.
Congratulations to the winning team from Mount Royal University, Calgary.

2017 Winning Team

Saturday, March 18, 2017 Inaugural CFA Ethics Challenge (Prairies Regional) hosted by CFA Society Winnipeg.
Congratulations to the winning team from the University of Saskatchewan