CFA Exam Admission and Appointment Policy
Last Updated: 8 Jan 2021
Social distancing protocols are implemented at every test center. View the general COVID exam day procedures, which may vary slightly due to local requirements. All candidates must follow these instructions or you will not be admitted into the testing room.
CFA® Program exams are offered in over 400 computer-based test centers around the world.
You are responsible for scheduling your exam appointment by the published deadline for your exam window. Appointments are first-come, first-served and appointment availability will vary by test center.
To find an exam location near you, visit our Test Center Locations page. Please note: all test centers are subject to change based on availability and demand. Test center options with confirmed available seating will be presented to you during the scheduling process.
If you need to reschedule your exam appointment in your exam window, you will be charged a non-refundable USD 250 fee* and any applicable taxes.
*We recognize that in some locations, the uncertainty surrounding COVID-19 is making it difficult to finalize exam schedules, navigate travel restrictions, and secure seating in your preferred location. To help alleviate these inconveniences, we have reduced the USD 250 fee to USD 25 for exam changes within 2021 windows (i.e. changing a time or location within the exam window you are registered for). This policy will be in place for all 2021 exams.
Any appointment reschedule must be made by the published deadline. If you fail to schedule your appointment or fail to sit for the exam, your exam fees are non-refundable, non-deferrable, and non-transferable.
If you arrive late for your exam appointment you may be refused admission. If you are refused admission, your exam fees are non-refundable, and non-transferable. CFA® Institute recommends that you arrive 30 minutes prior to your scheduled appointment.
If there is a disruption in your exam (e.g. technical or environmental) but you are able to continue testing, you must. If you decide to leave the test center, CFA Institute will not approve a rescheduling of your exam appointment or deferral of your exam registration.