I know a few committee members in some local CFA societies. Their feedback on this was that the Claritas is CFA Institute’s outreach to support staff-like functions (e.g. such as in an asset management firm) so that they better understand the responsibilities of the firms they support.
Some key points I got from our conversations:
– One exam only, no multiple levels
– Level of difficulty is much more reduced compared to CFA Level I
– Little or no calculation questions, mostly conceptual
If you’re looking for a proper career in finance-related roles I doubt the Claritas is going to help, but if you’re a support function (i.e. legal, IT, HR, etc) in a finance-related industry this might be interesting for you.