Under what condition can a member share confidential client information?

A member can share confidential client information with a regulatory body, such as the CFA Institute Professional Conduct Program, because this type of disclosure is typically mandated by ethical guidelines and regulations. Regulatory bodies exist to oversee compliance with professional standards and laws, aiming to protect the integrity of the profession and the interests of the public. When a member is asked for information by such a body, they are often obligated to provide that information, ensuring that the regulatory agency has the details necessary to investigate or maintain professional standards.

In contrast, sharing confidential information during legal proceedings would require the client's consent to ensure that the client's confidentiality is maintained. Educational presentations or seminars typically do not allow the sharing of specific client information because it could compromise confidentiality. Similarly, disclosing information to assist a client’s family member would also violate the principle of confidentiality unless explicit consent from the client has been obtained, as family members are not considered parties to the client relationship unless permission is given. Thus, sharing with a regulatory body is the most ethically sound and necessary condition under professional standards.