How to change your CFA® exam date from December 2020 to a 2021 CFA® Exam date
Candidates wishing to move out of the December 2020 CFA Program exam administration have until 20 October to do so.
To do that, please follow the steps below to withdraw from Dec 2020 and re-register for any of the available exam dates throughout 2021.
Please, do register soon to get your preferred time and location, as we have information that some locations are already full.
I. Withdraw from the December 2020 exam
Step 1
Sign in to your CFA Institute account and click on the CFA Program tile.
Then click the “Manage Your Exam” button and select “Withdraw from Exam.”
Step 2
Check the “confirm” box.
Select “Withdraw from Exam.”
II. Re-register for your chosen 2021 exam and preferred exam location
Step 3
After you have withdrawn from the December 2020 exam, you will be able to re-register for your chosen 2021 exam and preferred exam location
This process involves no additional cost.
If you are sti8ll undecided, we have compiled a detailed calendar of key events for each exam window.
CFA® Exam Information
February 2021 Exam Level I
Registration Window: already open
Scheduling Window Opens: 16 June 2020
Early Registration Deadline: 13 August 2020
Registration Closes: 7 December 2020
Scheduling Deadline: 14 December 2020
Rescheduling Deadline: 25 January 2021
Exam Window: 23 February – 1 March 2021
Standard Registration Fee: $1000 from now until 7 December 2020
May 2021 Exam Level I, II & III
Registration Window: already open
Scheduling Window Opens: 20 August 2020
Early Registration Deadline: 3 November 2020
Pay by Invoice Deadline: 3 November 2020
Registration Closes: 23 February 2021
Scheduling Deadline: 10 March 2021
Rescheduling Deadline: 16 April 2021
Level I Exam Window: 18 – 24 May 2021
Level II Exam Window: 25-29 May 2021
Level III Exam Window: 25-27 May 2021
Early Registration Fee: $700 from now until 3 November 2020
Standard Registration Fee: $1000 from 4 November 2020 until 23 February 2021
August 2021 Exam Levels I & II
Registration Window: already open
Scheduling Window Opens: 3 November 2020
Early Registration Deadline: 2 February 2021
Pay by Invoice Deadline: 2 February 2021
Registration Closes: 4 May 2021
Scheduling Deadline: 23 May 2021
Rescheduling Deadline: 22 July 2021
Level I Exam Window: 24 – 30 August 2021
Level II Exam Window: 31 August – 4 September 2021
Early Registration Fee: $700 from 20 August 2020 until 2 February 2021
Standard Registration Fee: $1000 from 3 February 2021 until 4 May 2021
November 2021 Exam Levels I & III
Registration Window: already open
Scheduling Window Opens: 2 February 2021
Early Registration Deadline: 4 May 2021
Pay by Invoice Deadline: 4 May 2021
Registration Closes: 10 August 2021
Scheduling Deadline: 25 August 2021
Rescheduling Deadline: 14 October 2021
Level I Exam Window: 16 – 22 November 2021
Level III Exam Window: 23 – 25 November 2021
Early Registration Fee: $700 from 20 August 2020 until 4 May 2021
Standard Registration Fee: $1000 from 5 May 2021 until 10 August 2021
The exam registration costs and deadlines apply to those who are not currently candidates.
Those candidates who are re-registering from December 2020 exams have a deadline of 20 October 2020, but will not incur exam fees.
Please, note that all deadlines are 23:59 ET (Eastern US Time).
Check our CFA prep courses, for any queries, please get in touch.
Follow Nicholas Blain, CFA, on Twitter @njblain
Follow Quartic on Twitter @QuarticTraining
Quartic lays down roots for future growthToday, Quartic is announcing a tree-planting initiative. For each new booking* on either the CFA UK Certificate in Climate & Investing or the CFA Institute Certificate in ESG Investing Quartic will fund our partner the National Trust to plant a sapling.
This is a small but important step: the planet needs some 500 billion trees planted to absorb sufficient carbon to make a significant offset to climate change. Each individual and each business needs to play its role: if our campaign helps candidates to think about their individual, as well as their professional, actions on climate then this will have been worthwhile.
* This initiative applies to new full-paying individual candidates on either CCI Online or ESG Online booking on or after 21 September 2022.
Certificate in Climate & Investing (CCI) – Frequently Asked Questions
At Quartic we get lots of questions from candidates thinking about enrolling on the CFA UK Certificate in Climate & Investing, or CCI. Here we try to address some of the most common concerns and uncertainties.
What is CCI and what are the benefits of having the certificate?
CCI or the Certificate in Climate & Investing is a new exam, launched earlier this year by CFA UK. The programme, unsurprisingly, has two key areas – climate and investing! More seriously the syllabus describes the science of climate change, how it affects each major sector (both positively and adversely) and how analysts and portfolio managers can incorporate climate into portfolios.
All investors need to be climate-aware as, to some extent, every industry is affected both from a financial and non-financial perspective.
The main benefit of studying for the CCI is that it aims to equip candidates with the analytical ability to interpret climate information from companies, industries, governments and regulators and to assess to what extent this will affect an organisation’s operations and long-term value.
Climate factors are mostly long-term and, unfortunately, often ignored by many investors. The consequence is that as the world heats up companies may suddenly find themselves ill-prepared for changing regulations and consumer tastes.
Passing the CCI demonstrates to your employer and your clients that you have not only studied and gained the knowledge required for the exam, but you now have a solid foundation for analysing the impact that climate change can have on investments.
Who should enrol on this programme?
The CCI is highly relevant to anyone working with investments: portfolio managers, analysts, brokers and advisers, not to mention individual investors saving for the future. As new standards and regulations appear, other professions such as accountants and lawyers will find the syllabus both insightful and useful.
What are the entry requirements?
There are no formal entry requirements for signing up for the CCI. The syllabus contains various accounting, investing and mathematical terms, though each one is explained clearly when it is met. A knowledge of the investment decision-making process is useful, but again not essential.
What areas does the CCI cover?
The syllabus includes:
- Climate science and climate risks and the impact on the financial system.
- Regulations, government policy and corporate reporting, the ever-changing rules governing both the activities of companies in different sectors and what specific financial and non-financial information companies need to report.
- Climate change impacts and opportunities within each major sector, including new emissions-reducing technologies.
- Climate risk measurement, with descriptions of a range of future emissions and temperature pathways through the rest of the century.
- Stewardship and engagement, how investors can interact with and impact companies – climate benefits are potentially far greater by investing in a high-emissions company (and trying to reduce these) than by investing in a green organisation.
- Listed and unlisted investment instruments, and how each one has specific features relating to climate.
- Portfolio management and client needs – how portfolios can be constructed with different objectives in mind, and what various clients may require from their portfolios.
How does CCI compare to the Certificate in ESG Investing? Should I take both?
It’s different, though there is some degree of overlap. The Certificate in ESG Investing (from CFA Institute, but originally CFA UK) covers environmental, social and governance issues, as well as (like CCI) regulations, investments and portfolios. The biggest single ESG issue facing most organisations is, of course, climate – so CCI is narrower and deeper than ESG on the topic of climate.
Many CCI candidates already have the Certificate in ESG Investing which may give candidates a head-start but it is really not a requirement. Both certificates are of similar difficulty and each of them will add value to any curriculum vitae (CV).
The curriculum for the CCI is longer than for the Certificate in ESG. However, with well-crafted learning materials and strategic studying, passing the exam should be more than achievable.
How long will it take to do the studying?
The recommended number of hours is 150, which you can think of as an hour or two a day for around three months. However … each candidate is different. A lot of technical background knowledge (on science, regulations, investing or portfolio management) may reduce the required hours; if you prefer to go into depth on each topic and explore the background sources then you will need more time. To pass the exam you will need to get most of the questions right (see below); each learning journey to this destination takes a different path.
When you register with CFA UK and Quartic, you get 12 months of access to studying materials: we strongly recommend that you aim at no longer than around 3 or 4 months. Studying for longer than this could mean that early content covered is forgotten before you reach the end.
How do I register for the CCI?
The exam is administered by CFA UK. Registration with CFA UK is done on their website; registration with Quartic is on our website. When you feel ready to sit the exam you then register with Pearson Vue and book your exam slot via your CFA UK login.
What’s the best way to prepare for the exam?
The “Official Training Manual” or OTM is the curriculum, provided by CFA UK with your registration fee. Although every exam question refers to information within these chapters, you may prefer to use educational materials from an official training partner such as Quartic for additional materials and study support. Every chapter is presented on slide decks and video using real world examples, graphic visuals and inspirational teaching. You will also receive 800 practice questions, including two full-length mock exams. Quartic offers personalised one-to-one tutor support via Zoom or e-mail.
The Quartic materials also include a Finance Essentials section covering technical terminology on accounting and investment theory that may be new to some candidates.
Can a group of colleagues study together?
Yes of course. Get in touch with Quartic to discuss group tuition, tutor support and bespoke corporate or group arrangements.
What’s the exam like?
For most candidates the exam is at a Pearson Vue centre, available in locations around the world. If you have reliable internet at home you can opt for remote testing instead, but you need a room that is certain to remain undisturbed for the duration of the exam.
The CCI exam contains 100 questions to be answered in 2 hours 20 minutes. Most of these are standalone, but there are also some multi-question item sets (case studies) that contain three to five questions each.
Questions are of a variety of structures:
- Standard multiple choice, with 1 of 4 options being correct.
- Multiple response (“select all that apply”) with 4 options, some or all of which may be correct.
- Gap-fill: numerical questions in which the answer must be typed into a box.
- Drag and drop: selected response is to be dragged into an appropriate space.
- True/False: two per question, the word to be typed in a gap-fill box.
Do I need a calculator?
Yes and no. There could be calculations in the exam and your only tool is an on-screen calculator. A bit of practice beforehand will help you to know the best approach to crack numerical questions.
When do I get results?
You get your provisional result as soon as the exam is complete. Be careful before you press “Submit”!
What is the pass mark and pass rate?
The pass mark is a heavily-guarded secret, but is moderated to ensure a consistent level of knowledge being required to pass – it is expected to be in the range 60 to 70%. The exam is intended to have a pass rate between 60 and 75%. Again this is not published – you just need to focus on answering enough questions correctly!
CFA® 2022-23 Exam Calendar
Exam Registration Dates for 2022 and 2023
Please note registration fees have changed for 2023
From February 2023 exams early registration prices are $900 and for standard registration $1200.
August 2022 Exam Level I, II, III
Early Registration Fee: n/a
Standard Registration Fee: n/a
| Level | Level I | Level II | Level III |
|
Registration Window Opens: |
Passed | Passed | Passed |
| Scheduling Window Opens: | Passed | Passed | Passed |
| Early Registration Deadline: | Passed | Passed | Passed |
| Pay by Invoice Deadline: | Passed | Passed | Passed |
| Registration Closes: | Passed | Passed | Passed |
| Scheduling Deadline: | Passed | Passed | Passed |
| Rescheduling Deadline: | 23/7/22 | 30 /7/22 | 30/7/22 |
| Exam Window: | 30/8-6/9/22 | 30/8-3/9/22 | 30/8-6/9/22 |
Early Registration Fee: $700
Standard Registration Fee: $1000
November 2022 Exam Level I, II
Early Registration Fee: n/a
Standard Registration Fee: $1000
| Level | Level I | Level II |
|
Registration Window Opens: |
Passed | Passed |
| Scheduling Window Opens: | Passed | Passed |
| Early Registration Deadline: | Passed | Passed |
| Pay by Invoice Deadline: | 25 Jun ’22 | 25 Jun ’22 |
| Registration Closes: | 9 Aug ’22 | 9 Aug ’22 |
| Scheduling Deadline: | 17 Aug ’22 | 17 Aug ’22 |
| Rescheduling Deadline: | 15 Oct 22 | 22 Oct 22 |
| Exam Window: | 15-21 Oct ’22 | 22-26 Oct ’22 |
February 2023 Exam Level I, III
Early Registration Fee: $900
Standard Registration Fee: $1200
| Level | Level I | Level III |
|
Registration Window Opens: |
Passed | Passed |
| Scheduling Window Opens: | Passed | Passed |
| Early Registration Deadline: | 9 Aug ’22 | 9 Aug ’22 |
| Pay by Invoice Deadline: | 17 Sep ’22 | 17 Sep ’22 |
| Registration Closes: | 8 Nov ’22 | 8 Nov ’22 |
| Scheduling Deadline: | 16 Nov ’22 | 16 Nov ’22 |
| Rescheduling Deadline: | 13 Jan ’23 | 20 Jan ’23 |
| Exam Window: | 14-20 Feb ’23 | 21-23 Feb ’23 |
Please, note that all deadlines are 23:59 ET (Eastern US Time).
Check our CFA prep courses, for any queries, please get in touch.
Follow Nicholas Blain, CFA, on Twitter @njblain
Follow Quartic on Twitter @QuarticTraining
The Certificate in Climate and Investing addresses a growing demand for the sustainable investingEvery so often a new product captures the zeitgeist of the time. The new Certificate in Climate & Investing, launched by CFA UK in April, is a perfect example.
Under pressure from clients on one side and regulators on the other, investment managers have beefed up knowledge in recent years on ESG: how environmental, social and governance issues affect investments in every industry and market around the world. The response from CFA UK was the ESG Certificate: launched in late 2019 it was an immediate success. It is now under the auspices of CFA Institute with more than a thousand new candidates each month.
The biggest single issue of ESG is climate change, part of the E. Back in the 1990s Swampy made a name for himself through environmental protests: he was an outlier then, but his views have become more mainstream as scientific studies have proven beyond any doubt the devastating impact that our species is having on the planet.
CFA UK’s new climate exam addresses many questions:
- How do we define climate change and what are the causes and impacts on the planet?
- What are the current and proposed climate-related rules and regulations for companies and asset managers?
- What climate opportunities as well as risks do companies in each sector face?
- How does climate change impact different types of investment?
- How should investors engage with companies as part of portfolio management?
The Certificate addresses a growing thirst for more knowledge: investors are asking more questions; financial advisers need to offer objective guidance; fund managers should be able to interpret company disclosures; and, at the coal face (sorry!), each company must compile and publish reliable emissions data.
The issues are highly complex. I’ll offer two examples.
Firstly, many investors, whether university endowments or individuals saving for their future, wish to avoid investing in the worst polluters. Yet you need to be a shareholder to have a voice at the AGM. Last year, US hedge fund Engine No. 1 gained sufficient support from shareholders to get three directors appointed to the board of ExxonMobil. Since then, they have succeeded in bringing forward emissions reductions and creating commitment to enormous investments in low carbon solutions.
Secondly, who creates the emissions, and how are they measured? For instance, greenhouse gas emissions relating to the creation of a petrol car represent just 3% of the car’s lifetime emissions. Who is responsible for the pollution?
Studying towards the Certificate in Climate & Investing
As you would expect, the subject is both technical and wide-ranging. The Official Training Manual weighs in at 900 pages, though videos, question banks and guidance can help make your progress more efficient.
The studying is highly rewarding: as you progress you’ll accumulate enough knowledge to interpret company disclosures, to appreciate fund manager communications, to identify greenwashing.
As our chief executive Nicholas Blain says in his introductory video, “Passing this exam is just the start: the natural world is changing fast and through your own increased knowledge you will be in a position to be a force for good.”
Written by Nicholas Blain, Chief Executive.
For any queries, please get in touch.
Certificate in Climate & Investing Certificate in ESG Investing Changing Your CFA® Exam Date from Dec 2020 to a 2021 CFA Exam DateHow to change your CFA® exam date from December 2020 to a 2021 CFA® Exam date
Candidates wishing to move out of the December 2020 CFA Program exam administration have until 20 October to do so.
To do that, please follow the steps below to withdraw from Dec 2020 and re-register for any of the available exam dates throughout 2021.
Please, do register soon to get your preferred time and location, as we have information that some locations are already full.
I. Withdraw from the December 2020 exam
Step 1
Sign in to your CFA Institute account and click on the CFA Program tile.
Then click the “Manage Your Exam” button and select “Withdraw from Exam.”
Step 2
Check the “confirm” box.
Select “Withdraw from Exam.”
II. Re-register for your chosen 2021 exam and preferred exam location
Step 3
After you have withdrawn from the December 2020 exam, you will be able to re-register for your chosen 2021 exam and preferred exam location
This process involves no additional cost.
If you are sti8ll undecided, we have compiled a detailed calendar of key events for each exam window.
CFA® Exam Information
February 2021 Exam Level I
Registration Window: already open
Scheduling Window Opens: 16 June 2020
Early Registration Deadline: 13 August 2020
Registration Closes: 7 December 2020
Scheduling Deadline: 14 December 2020
Rescheduling Deadline: 25 January 2021
Exam Window: 23 February – 1 March 2021
Standard Registration Fee: $1000 from now until 7 December 2020
May 2021 Exam Level I, II & III
Registration Window: already open
Scheduling Window Opens: 20 August 2020
Early Registration Deadline: 3 November 2020
Pay by Invoice Deadline: 3 November 2020
Registration Closes: 23 February 2021
Scheduling Deadline: 10 March 2021
Rescheduling Deadline: 16 April 2021
Level I Exam Window: 18 – 24 May 2021
Level II Exam Window: 25-29 May 2021
Level III Exam Window: 25-27 May 2021
Early Registration Fee: $700 from now until 3 November 2020
Standard Registration Fee: $1000 from 4 November 2020 until 23 February 2021
August 2021 Exam Levels I & II
Registration Window: already open
Scheduling Window Opens: 3 November 2020
Early Registration Deadline: 2 February 2021
Pay by Invoice Deadline: 2 February 2021
Registration Closes: 4 May 2021
Scheduling Deadline: 23 May 2021
Rescheduling Deadline: 22 July 2021
Level I Exam Window: 24 – 30 August 2021
Level II Exam Window: 31 August – 4 September 2021
Early Registration Fee: $700 from 20 August 2020 until 2 February 2021
Standard Registration Fee: $1000 from 3 February 2021 until 4 May 2021
November 2021 Exam Levels I & III
Registration Window: already open
Scheduling Window Opens: 2 February 2021
Early Registration Deadline: 4 May 2021
Pay by Invoice Deadline: 4 May 2021
Registration Closes: 10 August 2021
Scheduling Deadline: 25 August 2021
Rescheduling Deadline: 14 October 2021
Level I Exam Window: 16 – 22 November 2021
Level III Exam Window: 23 – 25 November 2021
Early Registration Fee: $700 from 20 August 2020 until 4 May 2021
Standard Registration Fee: $1000 from 5 May 2021 until 10 August 2021
The exam registration costs and deadlines apply to those who are not currently candidates.
Those candidates who are re-registering from December 2020 exams have a deadline of 20 October 2020, but will not incur exam fees.
Please, note that all deadlines are 23:59 ET (Eastern US Time).
Check our CFA prep courses, for any queries, please get in touch.
Follow Nicholas Blain, CFA, on Twitter @njblain
Follow Quartic on Twitter @QuarticTraining
Investment Management Certificate® (IMC) CFA® Level I Introduction to Accounting – Part 6-7: Management ChoicesManagement Choices
Are you baffled by balance sheets? Incredulous about income statements? Cautious about cash flows?
Learn about accounting and financial statements with a FREE easy-to-understand course by Quartic. We will show you what the words mean and how the numbers are calculated. Our user-friendly interactive course will demystify the jargon and get you started on your accounting journey.
Quartic – Uncooking the Books https://youtu.be/TWpJ6k0pyDs
COPYRIGHT ©2023 Quartic Training Limited. CFA Institute does not endorse or warrant the accuracy or quality of the products or services offered by Quartic Training Limited. CFA Institute, CFA®, Chartered Financial Analyst® and Investment FoundationsTM are trademarks owned by CFA Institute.
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