CFA Institute cancels December exams due to Covid restrictions

The CFA Institute canceled December screenings at 37 locations worldwide due to limitations related to the coronavirus pandemic.

The December dates for the financial analyst exam have been canceled in 13 US cities, including New York, San Francisco and Chicago, as well as 11 cities in India, according to a statement posted on the CFA Institute website. Chartered Financial Analyst) on Wednesday. The institute said it may announce further delays in the coming weeks.

“Due to the combination of public health rules and the lack of availability of sites, we are unable to proceed with testing in some markets,” said Margaret Franklin, the institute’s chief executive, in another statement.

The change once again delays plans for test takers who hope to earn CFA certification after passing the three levels of the toughest exam in finance. The institute had already postponed the June exam.

Candidates will be able to reschedule the exam to dates in 2021, and those twice affected by pandemic-related schedule changes can apply for a refund, the institute said.

From 2021 onwards, all exams will be performed in digital format. The Level I test will be offered four times a year instead of twice, and the Level II and III exams will be offered twice a year, not just once.