Here we go again, COVID cases are rising in certain countries and region which necessitates some CFA exam location closures.
Here is the complete list of cities where CFA August 2021 exams have partial or full cancellations:
What does a ‘partially’ closed location mean? Candidates in cities with partial closings will be contacted via email if their exam appointments have been cancelled. If you have not received an email the assumption is that the exam is going ahead.
More cities and locations may be affected in the coming days and weeks – we will keep updating this page as we learn more.
Here are some FAQs on next steps:
Candidates affected will be contacted via email “in the next few days” to arrange rescheduling to future exam windows.
This may be different from CFA Institute’s existing rescheduling policy.
CFA Institute have not ruled out more cancellations.
In fact they’ve stated that they are “actively monitoring all exam centers” and it’s “possible that additional cities will be impacted”. We will keep this page updated as we learn more.
From what we know so far, postponed candidates are being offered 2022’s exam cycles, rather than November 2021’s as that exam window has closed.
We do not know if a deferral to 2022 is a general policy at this stage, or location-specific.
Do be mindful that a 2022 deferral would mean that you would need to study the new 2022 curriculum, which has some changes from 2021’s curriculum.
CFA Institute has not directly confirmed this, but a policy consistent with previous CFA exams is that if your exams have been twice-impacted or more (i.e. this exam has been postponed or cancelled by CFA Institute more than once), you should be given an option to cancel for a full refund.
We have a list of alternative, COVID-proof qualifications that CFA candidates might be interested in, which includes financial modelling, programming, data science, languages and well-being courses.
Alternatively – you could also take a break. Spend some time with your family and friends, practice some yoga, and focus on yourself. And stay safe out there.
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Hi team
I have caught fever yesterday night. This could be a viral infection and not covid. I have not consulted or visited any doctor since it would be risky going out. I have my level 1 CFA exam on 26th Aug that is coming Thursday. I'm worried about the same. Please help me.
Get tested right away - if you test positive you will be able to defer your exam at no charge.
Unless it is COVID positive , I am afraid it won’t be of much help. You may check with CFAI