Browse CFA Level 2 Essentials

Chapter 11: U.S. and Canadian Regulations, Practices, and Industry Nuances

Chapter 11: U.S. and Canadian Regulations, Practices, and Industry Nuances explains the core concepts, key definitions, and practical implications you need for solid analysis. It highlights common pitfalls and the intuition behind the methods so the results are interpreted correctly.

In this section

  • Securities Regulation in the U.S. and Canada
    Securities Regulation in the U.S. and Canada (CFA Level 2): Covers Introduction to Securities Regulation and Key Regulatory Bodies in the United States with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Differences in Accounting and Disclosure (IFRS, U.S. GAAP, and ASPE)
    Differences in Accounting and Disclosure (IFRS, U.S. GAAP, and ASPE) (CFA Level 2): Covers Foundations of IFRS, U.S. GAAP, and ASPE and Key Areas of Divergence with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Taxation and Cross-Border Implications
    Taxation and Cross-Border Implications (CFA Level 2): Covers Comparing Corporate and Individual Tax Structures and Cross-Border Investments: Withholding Taxes, Tax Treaties, and Estate Taxes with key formulas and examples. Includes exam-style practice questions with explanations.
  • Market Microstructure and Trading Environments
    Market Microstructure and Trading Environments (CFA Level 2): Covers Major U.S. Exchanges: NYSE and NASDAQ and NYSE: The Big Board with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Industry-Specific Valuations in North America
    Industry-Specific Valuations in North America (CFA Level 2): Covers Valuation in the Energy Sector (Oil Sands in Canada, Shale in the U.S.) and Reserve-Based Valuation Models with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Pension Plans, Healthcare, and Other Long-Term Liabilities
    Pension Plans, Healthcare, and Other Long-Term Liabilities (CFA Level 2): Covers Key Regulatory Frameworks in the U.S. and Canada and Corporate and Public Pension Plans with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Future Trends and Developments in North American Capital Markets
    Future Trends and Developments in North American Capital Markets (CFA Level 2): Covers Harmonization of U.S. and Canadian Securities Registrations and Evolving Data Privacy and Cybersecurity with key formulas and examples. Includes exam-style practice questions with explanations.

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Chapter 10: Ethical Standards, Professional Conduct, and Compliance