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Regulator Scholarship 

This scholarship is for employees of financial regulators, central banks, securities commissions, stock exchanges, SROs and/or government entities. Specifically, those entities that oversee or regulate operations, standards of practice or business conduct of the investment management industry and which have entered into a program agreement with CFA Institute.  Applicants should determine scholarship status before applying for the exam. Discover more about this scholarship below.


  1. Award Amount

    CFA Program enrollment fee is waived and exam registration is reduced to USD350.
  2. Eligibility Requirements

    Regulator scholarships are awarded by CFA Institute to eligible organizations, not to individuals directly. These organizations are then responsible for nominating employees to receive the scholarship. The program covers employees of financial regulators, central banks, securities commissions, qualifying stock exchanges, SROs and/or government entities. Specifically, those entities that oversee or regulate operations, standards of practice or business conduct of the investment management industry and which have entered into a program agreement with CFA Institute.

Email CFA Institute

An annual allocation of regulator scholarships are awarded by CFA Institute to eligible organizations. These organizations then nominate individual employees to receive the scholarships.

For individuals: check with your HR team or manager whether your organization participates in the CFA scholarship program; alternatively, email scholarships@cfainstitute.org with the name of your organization, country of headquarters, and a link to the company website.  We will check and let you know if your organization already participates in the regulatory scholarship program and the relevant contact person.

  • If it is already a participating organization: please contact your HR team or designated CFA representative to confirm how to apply to the company’s internal process for CFA scholarships.
  • If it is not a participating organization: we will ask you to supply contact information for a relevant senior manager so that we can contact them to explain the benefits, process and set up an agreement with the organization.

For organizations:  if your organization oversees or regulates operations, standards of practice or business conduct of the investment management industry, please email scholarships@cfainstitute.org and our regional teams will be in touch to discuss the regulatory scholarships program, benefits and process.


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