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cfa curriculum changes 2027

CFA Curriculum Changes 2027: What’s Changed for L1, L2 & L3?

1 Sep 2026

CFA, CFA Level 1, CFA Level 2, CFA Level 3

The 2027 CFA curriculum has some changes across the levels: Level 1: Quantitative Methods, Equities & Ethics has major updates. Level 2: Only Ethics has major updates. Level 3: Major update in Ethics only, other Core topics and Specialized Pathways unchanged vs 2026. Topic weights remain identical to 2026 for all levels. Overall, there has been some CFA curriculum changes 2027 across all CFA levels. For all Levels, Ethics Standards have been split into separate Learning Modules (LMs), which increased the total number of LMs. ...