For the November 2022 Level I and II CFA exam administrations, CFA Institute successfully administered exams across regions.
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Covid-related government restrictions at several locations in mainland China unfortunately prevented us from seating more than 7,000 scheduled candidates, including many whose exams have been impacted several times over the years.
Mainland China continues to be a key market for growing the CFA Program. We recognize how disruptive these cancellations are for candidates in their journey towards the CFA charter and how these cancellations impact the growth of our charterholder community.
To help candidates progress through the CFA Program amid these cancellations, we are offering a special administration of exams in May 2023, at no charge, to those November candidates in China impacted by a covid-related closure and/or restriction. Eligible candidates in this special administration will be tested on the 2022 curriculum during a window that will precede our standard May 2023 exam administrations. These candidates also have the option of testing in August or November 2023 on the 2023 curriculum at no charge should they prefer to test later in the year.
Only candidates in select cities—Beijing, Chongqing, Jinan, Wuhan, Harbin, and Tianjin—who experienced covid-related appointment cancellations, requested an emergency deferral because of covid-related travel restrictions, or whose appointments were rescheduled because of covid-related closures are eligible for this special administration. As with all of our exams, available appointments for this special administration will be limited in certain markets, so candidates will need to act quickly when registration and scheduling opens in mid-January. Anyone else in China who claimed an emergency deferral, including for travel restrictions, or requested for and paid for a deferral will not be eligible for this administration.
Impacted candidates were notified of this option on 9 December. We will send a follow up communication when registration is open in mid-January reminding candidates to take action.
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