CFA CFA Level 1 Covid Positive: Can I defer my CFA exams?

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Covid Positive: Can I defer my CFA exams?

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    • Avatar of Zee TanZee Tan
      Keymaster
        • CFA Charterholder
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        I’m sorry for your loss.

        If you or a close family member contracts Covid within 60 days of an exam you can request for your CFA exam to be rescheduled. You’ll need to prove it with a test. Quoting CFA Institute (highlights are mine):

        Deferrals to the next available exam are considered on a case-by-case basis, and only in the event of one of the following, impacting the candidate or a member of his/her immediate family:

        • government, employer, or university travel restriction due to COVID-19 that prevents a candidate from attending the exam (documentation required)
        • a positive COVID test within 60 days of the candidate’s scheduled exam appointment (documentation required)
        • concern over sitting for the exam because of COVID does not qualify for a deferral. CBT group sizes are smaller and the testing environment is easier to adhere to safety standards.
        • life-threatening illness (candidate or immediate family member) in the exam window;
        • death of a candidate’s immediate family member;
        • mandatory military service (candidate only) in the exam window;
        • pregnancy (candidate only); or
        • natural disaster (candidate’s local area).

        The candidate’s immediate family is defined as only the candidate’s parent, grandparent, sibling, spouse/domestic partner, or child. Deferral requests must be received by CFA Institute prior to or within 10 US business days after the exam window. Decisions on deferrals are final and are at the sole discretion of CFA Institute. Candidates awarded a deferral are responsible for all applicable new curriculum charges.

        Since it’s June you should qualify for a deferral. Contact CFA Institute with your test results and they should get this sorted out for you.

      • Avatar of GourmetGourmet
        Participant
          • CFA Level 1
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          Was your exam deferre?
          What did institute say?

        • Avatar of sambitpradhansambitpradhan
          Participant
            • CFA Level 1
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            I am currently suffering from covid. And it’s been two days that I had mailed along with my test report requesting for a deferral but no response from the institute yet.

            • Up
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              Another reader reported that it took about 4 weeks for a response, so it might be a while.

              • Avatar of GourmetGourmet
                Participant
                  • CFA Level 1
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                  Did they defer exam to next window?

                  • Avatar of Zee TanZee Tan
                    Keymaster
                      • CFA Charterholder
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                      You’ll be given deferral options depending on the current situation. Assuming your documentation (e.g. Covid test results) are all in order you should get your deferral, but it may take a while to get there.

                      Good luck and let us know how it turns out!

                      huychel1512 voted up
              • Avatar of shaktimaanshaktimaan
                Participant
                  • CFA Level 1
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                  I lost my grandmother last week. Can I defer my exam. It is schedule for feb 2022. Also, do I need to send them any proof for approval. Also, Do I need to pay the registration fees again or not ?
                  How much time does it take to get approval from CFA in case of defer ?

                   

                  • Avatar of Zee TanZee Tan
                    Keymaster
                      • CFA Charterholder
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                      I’m sorry for your loss. I believe you should be able to get a deferral – I would email info@cfainstitute.org or call them up (phone numbers here).

                      • Proof: Hard to say as since the pandemic the policy and rules keep changing, but I believe it’s unlikely you’ll need proof. However if they do ask for it I would imagine a death certificate would work.
                      • Fees: If your request for deferral is accepted you should not need to pay the registration fees again.
                      • Time to approval: again, since the pandemic, response times vary. Some have gotten a super-quick response (few days) some longer (few weeks). Trying by phone is likely to yield quicker results, but you may have to spend some time on hold.

                      Good luck, and let us know how it goes!

                    • Avatar of ammarammar
                      Participant
                        • CFA Level 1
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                        Hi, shaktimaan. Did you get any response from them, Did they deferral your cfa level 1 Feb 2022 exam?

                    • Avatar of ammarammar
                      Participant
                        • CFA Level 1
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                        Can anyone guide me. I lost my grandmother last weekend and my paper is not feb 2022.  Can i apply for deferral? Please suggest me need your help

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