COVID-19 is provoking destruction throughout the world and so it has done to the Certified Financial Analyst (CFA) candidates who were planning to take the exam in June 2020.
As per the latest updates from the CFA Institute -the body that regulates the exam, June’s CFA exam will now be rescheduled in December. The notification about rescheduled dates is expected by May 8, 2020, and the institute has cleared that it will not offer any refunds.
The President and CEO of the CFA Institute, Margaret Franklin said:
“As the pandemic continues to intensify, with no certainty of when it will abate, we have made this decision with a heavy heart while knowing that it is in the best interest of all of our stakeholders.”
As per a report, globally around 2,45,000 candidates had registered for the upcoming CFA exam and now due to the pandemic virus, all the test centers in around 95 countries will hit.
Some of the Frequently Asked Questions Related to Postponing CFA Exam 2020
Q1. Is the CFA exam postponed?
Ans. Yes, due to the Corona pandemic effect, the CFA exam for both the levels, which was earlier planned in June, is postponed.
Q2. Do I need to transfer the CFA exam registration dates?
Ans. Candidates will receive an email from CFA institutes by May 8, 2020, wherein further information related to the CFA exam will be outlined.
Q3. When is the tentative date for the CFA exam in 2020?
Ans. As per the CFA Institute, the CFA exam might be conducted in the month of December and the information for the same will be released on 8th May 2020.
Q4. Will there be any change in the CFA exam curriculum?
Ans. No, the curriculum for the CFA exam in 2020 will remain the same. The possibilities of change in the curriculum are under process and shall be implemented in the coming year’s exam i.e. in 2021.
Q5. Do I need to pay CFA exam fees again or will I get a refund for the same?
Ans. As the exam is postponed for all the candidates globally, no refunds for the same shall be offered for the June’s CFA exam.
Q6. What if I am tested positive with the Corona Virus, am I eligible for the exam?
Ans. COVID-19 positive patients do not need to visit the test centers for the exam and they must contact CFA Institute, as the institute will make alternate arrangements for such candidates.