When to Take the Postponed CFA® Exam

By: Kaplan Schweser
March 2, 2021
When to take the postponed December 2020 CFA exam

In January 2021, CFA Institute decided to offer candidates who registered for the February 2021 Level I exam the option of deferring their exam to one of these three windows: May 2021, July 2021, August 2021, or November 2021 at no additional charge. They noted that increased government restrictions and rising cases in some areas might have left some candidates feeling uncertain about their ability to test in February.

CFA Institute is also looking into limited-capacity online proctored testing as an option for candidates whose February exams are cancelled due to COVID-19. Due to government regulations, OPT for candidates in mainland China will not be available. This option is not yet available on the website of CFA Institute. Also, any February 2021 candidate whose exam appointment is cancelled due to COVID-19 can get a refund if this is the second time their exam was postponed.

New Exam Windows Announced for 2021

Due to concerns regarding seating capacity at test centers, CFA Institute announced in December 2020 it was adding two more Level I exam windows in 2021 and one more Level II and Level III window. CFA Institute has not yet publicized all the dates; an announcement is expected in the coming weeks. Visit the exam updates page maintained by CFA Institute for more details.

Level I March Window

CFA Institute has announced a March 21–23 exam window that is only for Level I candidates whose exams were postponed in 2020 and all registered February 2021 candidates who were not able to secure a window because testing centers were at capacity. CFA Institute will also be opening another Level I window in July; the date of that window has not been announced yet.

Registrations for these windows are not yet available in the CFA Institute system, but we expect more information in the coming weeks. Visit the exam updates page maintained by CFA Institute for more details.

If you have already purchased February 2021 materials from Kaplan Schweser, you do not need to make any changes. Online access is available until Nov 30, 2021.

New Windows for Level II and Level III

On December 1, 2020, CFA Institute stated that they will be adding an additional testing window in 2021 for Level II and Level III, in addition to the currently available windows. As a result, there will be May, August, and November windows for both Level II and Level III. CFA Institute will provide more information soon about the new windows and how to register. Visit the exam updates page maintained by CFA Institute for more details.

Rescheduled CFA Exam Dates

Here are the main facts about the exam postponements and cancellations shared by CFA Institute:

Level I CFA Exam Dates

  • The February 2021 exam window is February 16 to March 1, 2021.
  • The May 2021 exam window is May 18 to May 24, 2021.
  • The August 2021 exam window is August 24 to August 30, 2021.
  • The November 2021 exam window is November 16 to November 22, 2021.
  • Registration for the February, May, August, and November 2021 exams is now open. Registration for the new windows will open soon.

Level II CFA Exam Dates

  • There is no longer a June 2021 reschedule date because the Level II exam will be offered three times in 2021 and twice a year from 2022 onwards.
  • The 2021 exam windows are May 25 to June 1, 2021 and August 31 to September 4, 2021. The dates of the November window will be announced soon.
  • Candidates who had to postpone their 2020 exam have the option of sitting for any of the three 2021 exams.
  • Registration for the May and August 2021 exam windows is now open.

Level III CFA Exam Dates

  • There is no longer a June 2021 reschedule date because the Level III exam will be offered three times in 2021 and twice from 2022 onwards.
  • The 2021 windows are May 25 to June 1, 2021, November 23 to 25, 2021, and an August window (the dates will be announced soon).
  • Candidates who had to postpone their 2020 exam have the option of sitting for any of the three 2021 exams.

For all Kaplan students who registered for the three levels of the June and December 2020 CFA Exam, Kaplan Schweser is providing online product access through June 15, 2020. If you are impacted by the exam cancellation and have questions regarding your study tools, please email staff@kaplan.com with the subject line “CFA December Exam Cancellation."

How to Stay Prepared for Postponed or Cancelled CFA Exams

Visit Our Free CFA Exam Study Materials Hub

For those of you who were prepared to take the exam in June or December 2020, Kaplan Schweser’s CFA Exam Program team is working diligently to help you understand CFA Institute’s exam changes throughout the rest of 2020 and into 2021. We are also providing you with 12+ free CFA exam study materials to preserve the CFA exam knowledge that you have worked so hard to acquire. Browse these free resources to help keep your focus and stay on track for exam-day success.

Stay Prepared With Our Free Question of the Day

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