THE CERTIFICATION MARK, AS USED BY PERSONS AUTHORIZED BY APPLICANT, CERTIFIES THAT SUCH PERSONS ARE MEMBERS OF THE APPLICANT, THE INSTITUTE OF CHARTERED FINANCIAL ANALYSTS, AND HAVE BEEN AWARDED THE INSTITUTE CHARTER, AND THAT, AS SUCH, EACH OF SUCH PERSONS HAS MET AND CONTINUES TO MEET RECOGNIZED STANDARDS OF CONDUCT, PROMULGATED BY THE APPLICANT, FOR THE PROFESSIONAL PRACTICE OF FINANCIAL ANALYSIS. TO BECOME AND REMAIN A MEMBER OF THE INSTITUTE, AND TO BE AWARDED THE INSTITUTE'S CHARTER, AN APPLICANT MUST MEET ELIGIBILITY REQUIREMENTS RELATING TO EDUCATION AND PROFESSIONAL EXPERIENCE, MUST PASS EXAMINATIONS ADMINISTERED BY THE INSTITUTE, AND MUST COMPLY FULLY WITH THE INSTITUTE'S CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT. UNDER THE INSTITUTE'S PROFESSIONAL STANDARDS PROGRAM, THE INSTITUTE MAINTAINS A CONTINUAL SURVEILLANCE SYSTEM AND RIGOROUSLY INVESTIGATES ALL COMPLAINTS AND OTHER INFORMATION REGARDING THE PROFESSIONAL CONDUCT OF ITS MEMBERS. MEMBERS WHO VIOLATE THE INSTITUTE'S PROFESSIONAL STANDARDS ARE SUBJECT TO DISCIPLINARY SANCTIONS WHICH INCLUDE THE SUSPENSION OR REVOCATION OF MEMBERSHIP TOGETHER WITH THE MEMBER'S RIGHT TOUSE THE DESIGNATION "CHARTERED FINANCIAL ANALYST." THE CERTIFICATION MARK "CHARTERED FINANCIAL ANALYST" THUS CERTIFIES A CHARACTERISTIC OF THE INVESTMENT MANAGEMENT AND INVESTMENT SECURITIES ANALYSIS SERVICES PERFORMED BY THE INSTITUTE'S MEMBERS, TO WIT, THAT THE SERVICES ORIGINATE AND EMANATE FROM PERSONS WHO HAVE SATISFIED AND CONTINUE TO SATISFY THE QUALIFICATIONS AND STANDARDS PROMULGATED BY THE APPLICANT INSTITUTE, WHO ARE MEMBERS THEREOF, AND WHO HAVE BEEN AWARDED THE INSTITUTE'S CHARTER.