CFA Institute has postponed the June 2020 CFA Exam globally. Candidates will receive an invitation from the CFA Institute to re-register and will have the following options:
Level I - December 2020 or February 2021
Levels II and Level III - December 2020 or June 2021
Note that if a December 2020 exam is taken and passed, then the next level can be attempted in June 2021. For Level 1, it is not possible to pass in February 2021 and move on to Level 2 in June 2021.
To minimise the impact of the postponement of the June 2020 exams the CFA curriculum for all three levels is being frozen for two exam sittings. The next time a new syllabus will be tested is in 2022.
For more information please visit CFA Institute FAQs.
Impact on courses
Classroom Tuition was moved to Live online as of 17th March, all students should have completed their Tuition phase via Live Online delivery.
April/May classroom Revision courses have been deferred. You should have received an email on 18th May with your new course dates for the December 2020 exams. We continue to monitor and follow Government guidelines, and recognise that restrictions on social distancing and travel may continue into the autumn and make it impossible for us to run face-to-face classes. If that happens we will switch classes to a Live Online format, delivered by our UK tutor team, but please be aware that under those circumstances class dates may be subject to change.
What will the additional support content consist of?
We have been working with Kaplan Schweser on a solution to support our delegates for the deferred June 2020 exams. Details of the additional support can be found below:
- Extending online access
Online access will be extended for all students so you have the full study solution up to when you take the exam.
- New Masterclasses
To help you stay on track for your deferred exam Kaplan Schweser have created a series of live Masterclasses with our expert tutors. All Kaplan students will be automatically enrolled on these classes.
Nine classes are being planned, running fortnightly from the first week of June. Classes will follow the curriculum, and each class will take the form of a technical recap followed by working and debriefing an exam standard question, then finishing with a general Q&A. All classes will last 2 hours and will be archived for later viewing.
- Disrupted Tuition classes
If your package includes classroom Tuition, we are planning to run face-to-face Phase 2 Tuition for the classes where more than 1 day (or 3 evenings) of teaching was moved to Live Online. This is subject to Government advice relaxing by the autumn to allow face-to-face classes to run. We will keep you updated as the situation changes.
December exams are currently expected to take place as originally planned.
Impact on courses
The classroom tuition is moving to Live Online, all relevant course materials will be delivered to you by post. Our December revision course will be starting in October/November, our current expectation is that classroom courses will take place as planned. We continue to monitor and follow Government guidelines, and recognise that restrictions on social distancing and travel may make it impossible for us to run face-to-face classes later in the year. If that happens and you are booked on a face-to-face revision class, we would like to reassure you that your classes will still run as scheduled but will switch to a Live Online format delivered by our UK tutor team.
End Point Assessments
I was due to sit my End Point Assessment (EPA) in the next few months. What do the exam cancellations mean for my Apprenticeship?
Your Talent Coach will be getting in contact with you, or do speak with your Kaplan Apprenticeship account manager to talk through your timeline and the impact of CFA exam cancellations.
For information regarding the exams the CFA Institute's website has a link to real-time updates, via: COVID-19 CFA Institute COVID-19 Updates.
A more detailed summary of Kaplan’s advice to delegates can be viewed on the Schweser video addressing candidates COVID-19 concerns, and Schweser initial responses.