PUBLISHED: Aug 22, 2020

LAST UPDATED: Feb 8, 2021

2021 CFA® Exam Calendar Updates

CFA exam / Updates



NEW 2021 CFA EXAM WINDOWS OPEN

  • 19 January 2021:
  • That's when the registration for the new July level 1 exam and August level 3 exam starts. For the new November level 2 exam it opens on 2 February. The new CFA exam March window is available only to select candidates. More details below

The CFA exam calendar has been changed oftentimes lately. Here you’ll find the most recent updates on the upcoming 2021 CFA exams. The emphasis is on the new dates and facts that emerged owing to the rapidly changing COVID-19 pandemic situation.

Looking for more detailed info? Here:



CFA Exam Calendar: What's New in 2021?

In 2021, CFA Institute is introducing computer-based testing for all levels of the CFA exam. Owing to the COVID-19 pandemic, more exam dates will be available to candidates of all levels than previously expected. The new exam windows include:

  • for level 1: March* and July exam windows,
  • for level 2: November exam window, and
  • for level 3: August exam window.

* The March 2021 exam window will be open for select postponed Dec 2020/Feb 2021 candidates only.


ALL 2021 CFA EXAMS

Level CFA exam Registration opens Registration closes Exam window
Level 1 February 2021 17 June 2020 28 Oct 2020 16 Feb - 1 March
March 2021 not given not given 21 - 23 March
May 2021 20 Aug 2020 2 Feb 2021 18 - 24 May
July 2021 19 Jan 2021 20 Apr 2021 18 - 24 July
August 2021 20 Aug 2020 4 May 2021 24 - 30 Aug
November 2021 20 Aug 2020 10 Aug 2021 16 - 22 Nov
Level 2 May 2021 20 Aug 2020 23 Feb 2021 25 May - 1 June
August 2021 20 Aug 2020 4 May 2021 31 Aug - 4 Sept
November 2021 2 Feb 2021 10 Aug 2021 26 - 30 Nov
Level 3 May 2021 20 Aug 2020 23 Feb 2021 25 May - 1 June
August 2021 19 Jan 2021 4 May 2021 1 - 8 Sept
November 2021 20 Aug 2020 10 Aug 2021 23 - 25 Nov

ALL LEVELS


New CFA Exam Dates
Briefly Explained


JANUARY 2021


New 2021 CFA Exam Registration Starts, All Levels

Unfortunately, the pandemic situation may not be good enough for the Feb CFA exam to take place everywhere as planned. That is why the Feb exam may be canceled in some locations. However, new exam windows are made available to candidates of all levels to help the situation.

On 19 January, the registration for the July 2021 level 1 and August 2021 level 3 CFA exam opens. The November 2021 level 2 CFA exam registration should start on 2 February.



FEBRUARY 2021


Free Deferral for Feb 2021 Candidates

If you are concerned about health and safety issues and you'd rather take your exam at a later date – from 2 February (9am ET) to 10 February (11:59pm ET) – you can defer your Feb 2021 level 1 exam, even if it hasn't been canceled. The available level 1 exam windows include July, August, and November. Unfortunately, the May level 1 exam window is no longer available. It reached its seating capacity in many locations already around the early registration deadline, which was 3 November 2020. On 2 February, the May 2021 level 1 registration was officially closed.

To withdraw from your Feb exam, go to your CFA Institute account and follow the instructions. It may take up to 24 hours for your account to be updated and ready to allow you to register for a new exam window. Importantly, you don’t have to register for the new exam at once. However, if you already know when you'd like to take your deferred exam, don't wait too long before you re-register. Many test centers may be expected to face seating capacity problems as the exam approaches.


New Info for Canceled Candidates

On 2 February, you may expect some new info to be released if your Feb 2021 CFA exam has been canceled. Candidates especially expect the information about the Online Proctored Testing (OPT) available as a limited option to Feb level 1 candidates whose exam gets canceled and cannot be rescheduled. If the option is available in your area, you'll be contacted by CFA Institute (e.g. China is excluded due to government regulations).

Also, if your Feb 2021 CFA exam gets canceled and can be rescheduled, you'll get an email with the new date and time of your exam. If your exam cannot be rescheduled and OPT is not an option for you, you'll be able to defer your exam at no charge (for all 2021 exam windows, see the table above). It may take even 15 days for CFA Institute to provide more details about your re-registering options after your exam gets canceled.


Feb 2021 CFA Exam Window

The Feb 2021 CFA exam window starts on 16 Feb and ends on 1 March.

Hopefully, some Feb candidates will be able to take their exams as planned.

However, if you were registered for your Feb exam but now you know it’s going to be canceled, you'll be able to defer your exam to any open 2021 CFA exam, free of charge (for all 2021 exam windows, see the table above). That is if your exam cannot be rescheduled within the Feb window or if Online Proctored Testing is not available to you. If your exam is rescheduled for you, within 24–48 hours you should get an email confirming the new date and time of your exam.

Note that if for some reason you registered for the Feb level 1 exam but failed to schedule your appointment, you are also eligible for a deferral.



MARCH 2021


CFA Exam Refund Request

On 1 March, the Feb 2021 exam window ends. That is when you can expect some more specific information about refunds. You are eligible for a refund if your CFA exam has been postponed twice (and cannot be rescheduled). You need to wait until early March to find out what the refund request procedure is going to be like.

Be careful about the timing! After the Dec 2020 exam, the option to request a refund was available for two weeks only, beginning the day after the Dec exam took place!

Your CFA exam refund may take some time, e.g. Dec 2020 candidates were told their requests might be processed even until 21 April 2021.


March 2021 CFA Exam Window

The new March window (21-23 March 2021) is not available to everyone. It will be open for select postponed Dec 2020/Feb 2021 candidates and in particular for Feb 2021 candidates registered for their exam but unable to schedule their exam appointment because testing centers were at capacity.

That is why there are no registration dates given. To see if you are eligible to take your exam in March, you may check your CFA Institute account. Also, CFA Institute should contact you if this option is available to you.



JULY 2021


July 2021 CFA Exam Window

The new July window (18-24 July 2021) is available to all level 1 candidates. The registration opens on 19 January and ends on 20 April. You can read more about July CFA exam here .



SEPTEMBER 2021


New Level 3 CFA Exam Window

This new exam window (1-8 September 2021) is available to all level 3 candidates. It is classified by CFA Institute under the August exam. The registration opens on 19 January and ends on 4 May. You can read more about your level 3 exam here .


NOVEMBER 2021


New Level 2 CFA Exam Window

The new November window (26-30 November 2021) is available to all level 2 candidates. The registration opens on 2 February and ends on 10 August. You can read more about CFA exam registration dates & fees here .


ALL LEVELS



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