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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  • This topic has 8 replies, 6 voices, and was last updated 4d by Zee Tan.
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      Hello! I’m a July 2021 Level 1 candidate from Mumbai, India. I recently lost my uncle to Covid second wave and my whole family was tested positive and they’re kind of still recovering from it. Covid has negatively impacted my family in many ways including financially. I recently also underwent a lasik surgery and now due to exponentially increased exposure to screens and fine print, my eyes are drying out! I’m not in the mental headspace to resume exam prep. can i ask the institute to defer my exams to literally any other exam window in 2021? please help

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    • Zee Tan
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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.

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      Was your exam deferre?
      What did institute say?

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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.

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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 ?

       

      • Zee Tan
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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!

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