FRM exams are offered 3 times annually (May, August, November) for both Part 1 and Part 2.
Registration opens 2 months before early deadline: Dec 1 (May exam), Mar 1 (Aug exam), May 1 (Nov exam).
Early registration saves $200 (ends ~2 months before exam). Registration closes 6-7 weeks before exam window. You can reschedule once or defer once ($200 fee). Refunds only available within 48 hours of registration.
Part 1 candidates can defer to next 2 windows; Part 2 candidates can defer to next window only.
FRM exams are offered three times per year — May, August, and November — for both Part 1 and Part 2 candidates. The 2026 exam windows are:
- May 2026: Part 1 (9-15 May), Part 2 (16-19 May)
- August 2026: Part 1 & 2 (7-8 August)
- November 2026: Part 1 (14-20 Nov), Part 2 (21-25 Nov)
Critical deadline: Early registration. Registering during the early period (ending 2 months before the exam) saves $200 compared to standard registration. For example, early registration for May 2026 exams ends January 31, 2026.
Key registration windows:
- May 2026 registration: Opens Dec 1, 2025 | Early ends Jan 31, 2026 | Final deadline Mar 31, 2026
- August 2026 registration: Opens Mar 1, 2026 | Early ends Apr 30, 2026 | Final deadline Jun 30, 2026
- November 2026 registration: Opens May 1, 2026 | Early ends Jul 31, 2026 | Final deadline Sep 30, 2026
Important: After registering, you must separately schedule your exam appointment at a test center. You can reschedule once or defer once for $250. Registration timing directly affects your exam fees — early registration costs $600 vs $800 for standard registration (plus $400 one-time enrollment fee for first-time FRM candidates).
This guide covers all registration deadlines, scheduling procedures, deferral policies, and strategic timing considerations to help you plan effectively.
Which FRM exam window should I choose?
All three exam windows (May, August, November) offer approximately 5-6 months of preparation time from registration opening to exam date. However, there are two differences worth considering:
August window: Unique same-day option
August is the only window where you can take Part 1 and Part 2 on the same day (August 7-8, 2026). Both Parts are offered on the same dates, allowing back-to-back testing. May and November separate Part 1 and Part 2 into different date ranges within the exam window. That said, whether taking both Parts on the same day is advisable is a separate matter!
While convenient for scheduling, taking both parts on the same day is extremely demanding (180 questions, 8 hours of testing, covering the entire FRM curriculum). Most candidates prefer to take Part 1 first, confirm they passed, then tackle Part 2 in a later window.
Exam window length: May and November for scheduling flexibility
May 2026:
- Part 1: 7 days (May 9-15)
- Part 2: 4 days (May 16-19)
August 2026:
- Part 1 & 2: 2 days (Aug 7-8) ← This is the most compressed exam window
November 2026:
- Part 1: 7 days (Nov 14-20)
- Part 2: 5 days (Nov 21-25)
Longer windows provide more date options and reduce the risk of your preferred test center being fully booked. August’s compressed 2-day window may have more limited availability.
What are the FRM exam dates and deadlines for 2026?
Short on time? Here are the latest FRM exam dates and registration deadlines:
| Key Deadlines | May 2026 | Aug 2026 | Nov 2026 |
|---|---|---|---|
| Registration and scheduling opens | 1 Dec 2025 | 1 Mar 2026 | 1 May 2026 |
| Early registration ends | 31 Jan 2026 | 30 Apr 2026 | 31 Jul 2026 |
| Registration closes: Last day to defer to next exam | 31 Mar 2026 | 30 Jun 2026 | 30 Sep 2026 |
| Last day to (re)schedule exam, select or change exam sites | 25 Apr 2026 | 25 Jul 2026 | 24 Oct 2026 |
| FRM exam window | Part 1: 9-15 May 2026 Part 2: 16-19 May 2026 | Part 1 & 2: 7-8 August 2026 | Part 1: 14-20 Nov 2026 Part 2: 21-25 Nov 2026 |
FRM exam dates: Frequently asked questions
I hope the summary table on FRM exam dates is helpful! If you’ve got more questions, leave a comment below and we will answer 🙂
Meanwhile, here are some related articles that may be of interest:
Hello Guys,
Is there anyone in this forum wanted to share reading material, quiz and other important study kits for FRM Part I and II please?
Thanks
Hi,
I defer my May 2023 exam, I thought it was automatically rescheduled to Aug Exam. However I login recently and it says my registration is expired?? Please advise if any thoughts!
Thanks
Hi, my membership expires in Jan’24 and my FRM L1 is Nov’23. Will I have to pay the fees for membership also b4 attempting L2 in May’23 provided I clear the L1 in Nov’23.
Can you please suggest whose question banks needs to be preferred to check our conceptual clarity and question difficulty that matches frm exam
Hi,
I just wanted to check for the Nov exam, are we allowed to choose the dates? As I notice that the exam windows is between 4 to 17 Nov?
Yes you can choose any date. But all centers may not have all the dates. You will get to know which center has which dates when you visit the schedule exam page.
Can we register for November exam if we fail August exam (Part 2)?
Hi,
When would the registration window open for Aug 2023 exams ?
1st March 2023, see updated FRM dates in the summary table above!
If I have failed in my 1st attempt of L1 and want to take the exam again should I need to pay both registration and enrollment fees or just enrollment fees
nope, you just pay the registration fee(USD 400) once.
Hi Deby and Nirmal, if you failed a FRM exam, you just need to repay the registration fee ($600-800 depending how early you register). Enrollment fees of $400 is only paid once the first time you take a FRM exam, and this is a one-off fee.
More details about FRM fees in this article (https://300hours.com/frm-fees/)
I am planning to take P1 exam FRM on 2023, can I start study using 2022 syllabus? or better wait until the syllabus updated?
Hi Falzami, it’s best to use 2023’s syllabus when it is published, which should be available when 2023 registration opens (expected in Dec 2022). For now, if you prefer to start studying earlier, you can still use 2022 curriculum for light studies to get a gist of what it is all about, but use the 2023’s curriculum as your definitive source for sure.
I think waiting for 2023 books is not a good idea when the syllabus change is minimal..I believe 2 to 3 chapters have been added but remaining syllabus and topics are the same..go ahead with 2022 material…
Hello, My exam location is in the US and I already have registered for the FRM Level 1 Exam for this November, but I am finding it difficult for setting up for the exam. After I open my GARP account and go on to the finish setup option, and after entering all the needed information, the account takes me to a different site named PSI ONLINE, where it shows me the option SCHEDULE, but even though I click on the option, I am not able to register for my exam. Am I the only one who is struggling with this?
I would highly appreciate your help in this matter. Thank you and have a great rest of the day.
Please kindly ignore this. I successfully registered for the exam.
Hii,
Going forward I.e. in year 2023 how many Garp will conduct frm part 1 exam in a year and expected months of conducting exam?
Hi Gagan, we expect FRM P1 will be held 3x a year going forward: May, August and November.
How sure are you about the August 23 exam since they opened the new window because of the covid pandemic?
Yes we are sure, GARP has confirmed this and we have published the key dates for all 2023 FRM exams including August 2023 above.
Hi!
I am still not a candidate but I am currently studying for it.
Would anyone have reliable sources for study materials?
Kind regards
Hi
I am a candidate for the FRM1 May 2022 exam and I need to defer the exam to Nov 2022 but I dont see that option online. Can you please guide me how to do it?..
Thanks!
I also wanted to defer my May 22 exam. If you do it so, please guide me. My email id is amrutmoh9108@gmail.com
Hi,
I had attempted and passed FRM part 1 exam back in jul ‘21. I want to give the part 2 exam in may ‘22 but i noticed that my FRM membership has a validity of only one year and will expire in march ‘22.
So would i have to repay the membership/registration fee again?
Hi guys!
Is there any test center location in Greece?
Many thanks!
Not that I could see – you can see the full list of FRM exam sites here.
Hi, how can i know the test center location near my country before I register? I know there is not one in Chile, but there is one in Peru by GARP page, but in the page of the provider there is no info about where it is or even if there is one in Peru
Thanks
You’re right – Peru does seem unavailable with PSI at the moment. This may be Covid-related since Peru was one of the postponed locations in the past. I’d check with GARP (memberservices@garp.com).
Hi, I’d like to register for May 2022 FRM part 1 exams. When shall the registration begin?
Hi Rose, we expect May22 FRM exams registration to open early December.
Hi i have given my FRM part 1 exam this month on 10th want to know when i can register for part 2 for next year ????
You can register for Part 2 right now if you want – you don’t need to wait for your Part 1 results.
i have seen link its not showing individually for part 2 registration its showing for part 1 and part 1 and part 2 combined
Can you please confirm whether FRM Part 1 exams will be conducted thrice a year in 2022 also?
Yes, Part 1 will be held three times a year going forward.
I appeared for the FRM Part I exam in May’17 and passed in July’17. I am now planning to take my Part 2 exam in Dec’21, for which I am assuming the result won’t be available before Feb’22.
Thus, if I pass it will cross Dec 31st of the fourth year of passing the FRM part 1 exam.
Request advice whether it will be valid or will I not be eligible for FRM certification even I pass the Part 2 exam scheduled in Dec’21.
We’ve reached out to GARP – let’s see what they come back with. Were you able to register for Dec’21?
Hi,
Were you able to register for the exam?
I passed in July 2018,
So according to the four year rule, when will be my last attempt to clear the level 2?
Hey Rathin,
I have similar question and have been searched the answer for a while. I am wondering if you have any update for this questions.
Many Thanks
Marvin
Hi, will FRM part 1 July attempt get postpone to a future date? I’m residing in India. I saw may attempt got postponed, any updates on July attempt?
Hi,
So are the exam locations in the United Stated out for the November/December FRM part 1 and part2 yet? I can’t find any locations available around Los Angeles through the system but was able to see exam locations that are in states other than California. I’m so worried that I can’t find a location to take the exam and the institution is not replying my messages and emails.
It’s likely because of Covid. According to Pearson Vue:
Hello.
Would anyone know the dates for the FRM Part 1 exam within the 8-21 May window? My computer based exam was scheduled for today however the link never worked and the test center staff confirmed that my exam will be rescheduled. I have forgotten the possible dates and it is stressful not knowing when the exam could possibly be. Wouldn’t want it to spring up on me.
We don’t have any more detail beyond 8-21 May, and it would also depend on test center availability. Depending on your location you may be postponed to Nov/Dec 2021: https://300hours.com/may-2021-frm-exams-postponed/
Hii i want to defer my part 1 exam now can i do this now please guide as the scenario is getting worst will there be any alternative ?
Hi Gagan, where are you based? GARP just announced deferral of May21 exams in several locations.
Check out our FRM exam dates article for more details on FRM’s deferral policy.
Hope this helps, stay safe.
Thanks for reply sophie m based at ambala haryana my nearest centre is delhi and i am going to sit in july slot
Will FRM May 2021 attempt with get deferred because of Covid situation in India, pune?
Hi Anjali – CFA Institute has just announced cancellations in Indian cities including Pune, so FRM cancellations could be happening too.
Are their charges for deferring May 21 exam, if you are Covid Positive?
Hi Aman, unfortunately GARP isn’t clear about this upfront.
If a candidate has COVID-19, it is best to first email them at memberservices@garp.com, with proof of that. And follow up right away with a phone call since it’s so close to the exam now. My guess would be that it is assessed individually on a case-by-case basis.
After the completion of part 2 exam and successfully surpass the threshold of the exam, when are we gonna get our certificate?
Hi Fergy, once you passed FRM Part 2, you still need to meet the 2 years of relevant full time work experience requirements.
Assuming you meet the work experience requirement and submitted that to GARP, you should receive your FRM certificate within 1 month from the date of approval of your work experience.
Hope this helps!
Hi, I have failed in August FRM part 1 exam and I want to register for coming November exam , what is the last date for registering for nov exam for me? I have heard that for the candidates who failed in aug can also register for early bird nov FRM exam but I am unable to find correct info regarding dates on garp site. Pls guide