How It Works
A faculty advisor acts as the link between CFA Society Toronto and the student team. The faculty advisor assembles the team and guides them throughout the process.
Students will have approximately three weeks to work on the case study provided by the host Society. Teams then present their analysis and recommendations to a panel of judges. The competition is 100% presentation based, which includes: a 10-minute presentation and then 10 additional minutes to respond to questions from the judges.
One winning team from each Local Competition will advance to the CFA Societies Canada Ethics Challenge National Round which will be held virtually in early May 2026.
In the national round, students will have 23 hours to work on a new ethics case and will then submit a video recording of their presentation. Following the judges’ review of each recorded presentation, Q&A will be conducted with each team live in front of the panel of judges. Following the presentations and judges deliberation, one team is designated the ultimate CFA Societies Canada Ethics Challenge winner!
Teams are judged based on their recommended course of action and their ability to identify the violations to the CFA Institute Code of Ethics & Standards of Professional Conduct.
Prizes
- Winning Team Reward: Each member of the winning team in the Local Competition will receive a $400 CAD cash prize, provided by CFA Societies Canada AND CFA Society Toronto, along with a personalized trophy featuring their name and school.
- Advancement Opportunity: The winning team will also earn the opportunity to advance to the National Round of the competition, where they’ll compete for national recognition and the championship title.
- Recognition for All: All participants will receive an official certificate of participation to acknowledge their involvement and achievement in the competition.
Please note, prizes are not transferable; no prize substitutions or equivalents are permitted. Prize recipients are responsible for all federal, provincial, and local taxes and other fees associated with prize receipt and use. CFA Society Toronto is required to collect all necessary documents in order to process payment.