CFA 2020 potential cancellation notification
Pre-covid I had signed up for CFA level one in June. That got postponed to December. I have now received notification from CFA that even December sittings could potentially be cancelled/rescheduled.
I am literally losing all motivation to do anything this year because everything keeps getting delayed. On a side note, there is further news that now London may be put in a lockdown and 10 pm curfew mandate within a few days… I do not know how much more we can all take of this.
I now wonder whether it is even worthwhile doing the CFA in the current situation we find ourselves in? Do you think the CFA remains a worthwhile investment of time and money? I'm self paying, my firm is not paying for me, I am really tempted to just cash in a refund
EDIT: this is the notification I received.
We have received many questions about the likelihood of December exam cancellations. We know how badly many of you want to complete the December exam on schedule, and how frustrating it is to live with the uncertainty surrounding the COVID-19 situation. While it is premature for CFA Institute to make final decisions about the exam, we DO anticipate that some exam locations will be cancelled. But we also believe that even where government regulations allow us to administer the exam, it is your right and responsibility to make decisions for yourself about your own health and safety.
If you think that the December exam may be cancelled in your area, do not wait for circumstances to decide for you. We encourage you to make alternate plans for your exam now.
•Until 20 October, you may withdraw from December and register for any of the available exam dates throughout 2021 at no additional cost. Register soon to get your preferred time and location. As a reminder,
•2021 Level I exams will be offered in February, May, August, and November.
•2021 Level II exams will be offered in May and August.
•2021 Level III exams will be offered in May and November.
•If you have circumstances that require changing your December test center to a new location, you may change your test center to any venue with available seating no later than 30 September. We cannot guarantee that your new test center will not be cancelled.
•If your December exam is cancelled, you will be notified promptly.
•You will immediately become eligible for a deferral to any CBT exam window in 2021.
•If you prefer, you may opt for a refund. Refund requests will be accepted between 7 December and 21 December 2020. All fees paid with your original registration for June 2020 will be refunded. Please anticipate up to 120 days (21 April 2021) for delivery of your refund.
Rest assured, our top priority is the well-being of our candidates, exam administrators, employees and communities. We will work diligently to ensure our administrations adhere to the guidelines determined by medical experts, local officials and best practices. We wish you and your family good health in the coming year.
CFA Institute
Did you really get this notification? This is all CFA has on their website so it doesn't mean you should infer it's getting cancelled:
We appreciate this may be a concerning time for candidates. We are carefully tracking pandemic-related restrictions around the globe. If local situations require a change in plans, we will adapt as needed, following local public health policies. We will be implementing social distancing protocols in exam locations. As the December exam date gets closer, we will react to specific situations related to the pandemic and inform candidates of our plans.
yes. this is what they sent me today.
We have received many questions about the likelihood of December exam cancellations. We know how badly many of you want to complete the December exam on schedule, and how frustrating it is to live with the uncertainty surrounding the COVID-19 situation. While it is premature for CFA Institute to make final decisions about the exam, we DO anticipate that some exam locations will be cancelled. But we also believe that even where government regulations allow us to administer the exam, it is your right and responsibility to make decisions for yourself about your own health and safety.
If you think that the December exam may be cancelled in your area, do not wait for circumstances to decide for you. We encourage you to make alternate plans for your exam now.
•Until 20 October, you may withdraw from December and register for any of the available exam dates throughout 2021 at no additional cost. Register soon to get your preferred time and location. As a reminder,
•2021 Level I exams will be offered in February, May, August, and November.
•2021 Level II exams will be offered in May and August.
•2021 Level III exams will be offered in May and November.
•If you have circumstances that require changing your December test center to a new location, you may change your test center to any venue with available seating no later than 30 September. We cannot guarantee that your new test center will not be cancelled.
•If your December exam is cancelled, you will be notified promptly.
•You will immediately become eligible for a deferral to any CBT exam window in 2021.
•If you prefer, you may opt for a refund. Refund requests will be accepted between 7 December and 21 December 2020. All fees paid with your original registration for June 2020 will be refunded. Please anticipate up to 120 days (21 April 2021) for delivery of your refund.
Rest assured, our top priority is the well-being of our candidates, exam administrators, employees and communities. We will work diligently to ensure our administrations adhere to the guidelines determined by medical experts, local officials and best practices. We wish you and your family good health in the coming year.
CFA Institute
Ooof, I'd cut my losses and wait till June if I were you. I didn't even bother signing up for Dec 2020 (did May 21) as there is so much uncertainty right now. By next year even if we don't have the vaccine CFA will surely have gotten much better and handling this after a trial run in Dec so might as well wait till then. Just my two cents, I know it's hard to hear after the hours you've probably put in
It does not make sense that they would be making the call now
duplicate
I must be very out of the loop. I did not realize that level I is being given 4x per year and level II and III is now 2X per year.
I think it's a recent change in conjunction with next years computerised testing.
I got the email announcement of the new exam schedule and switch to computer based testing in early August.
That is incorrect. This is from their website
CFA Institute is transitioning all CFA exams to computer-based testing. The December 2020 exam is the last paper-based exam; exams in 2021 will be computer-based for all levels.
Received the same email today. I understood it as referring to local rules and regulations concerning corona. "While it is premature for CFA Institute to make final decisions about the exam, we DO anticipate that some exam locations will be cancelled." I think that after cancelling the June exam in March (knee-jerk reaction if you ask me) they are more likely to take a measured approch for December.
Will the curriculum still be the same as 2020? I'm signed up for L3 in Dec. now and really don't want to spend more money on new materials if this moves to May...
I'm registered for L1 and got an email on May 13 with the following statement "Exams for December 2020 and all 2021 dates will be based on the 2020 curriculum that you are currently studying."
Wow, the uncertainty around exam timing must be brutal, I feel for you guys. I don't know what I would have done if I spent 300+ hours cramming to find out the exam was cancelled. At least its offered 2-4x per year now.
As others, got this too. I really don't know what to do now, but I think I'm going to just pray it happens in December. That way, if it gets delayed again, then I'll have finished everything and can just do mocks ad nauseam until I actually know everything (instead of just cramming per usua).
Guys - don't overthink this. Defer if you can. They are clearly screaming from the rooftop that your odds of taking this thing in December shrink by the day. Curriculum is frozen, I believe, and most providers are letting you roll over.
I get wanting to get it over with, but, it just is what it is.
you're right. I have started steps to move it to Feb 21. I want to get it over with but if fate is against me, cant fight it .... presume with the multiple sittings next year onwards there is unprecedented opportunity to gain CFA in 1 year?
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