Posted by: Kaplan Schweser
Updated: January 14, 2021
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.
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.
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.
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.
Here are the main facts about the exam postponements and cancellations shared by CFA Institute:
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 email@example.com with the subject line “CFA December Exam Cancellation”.
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.
The Kaplan Schweser CFA Program Master Class is a 9-part series of free, expert-led classes designed to fill your learning gaps, keep you on track, and help you personalize your CFA exam study plan to accommodate for the 2020 CFA exam postponement. Each class comprises a comprehensive review of a specific section of the CFA Exam curriculum, covering the most critical concepts for that section.
These classes were recently conducted live online and have now been archived for your on-demand review. Each class—approximately 2 hours long—consists of 90 minutes of content review and question practice, followed by 30 minutes dedicated to a Q&A session. The Kaplan Schweser Master Class will continue to be available as an exam prep resource to all CFA Program candidates. Watch these sessions in your Kaplan Schweser Learning Management System or get access here.
To keep your CFA knowledge top-of-mind without exhausting yourself, sign up for our free CFA Question of the Day. You will receive a practice question for your exam level directly in your inbox every day. And finally, our Free CFA Exam Pop Quiz can help you create an ideal study plan to utilize leading up to your postponed exam date.