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 Register for the CFA Program

  • CFA Institute has determined that it will not administer exams in the locations  this December listed below. 
  • South Africa

    • Cape Town (pandemic restrictions/request for exception not granted)
    • Johannesburg (pandemic restrictions)
    Please note that CFA Society South Africa has no influence on any exam related decisions. 
  • All decisions in this regard is made by CFA Institute.

  • CFA Institute Update on Computer Based Testing Capacity

    As tighter restrictions and an increasing number of lockdowns are being introduced, CFA Institute is currently experiencing challenges in confirming Computer Based Testing capacity for early 2021.

    This is due partly to potential venues being on lockdown and unable to take enquiries, and representatives being unable to gain access to potential testing facilities to confirm capacity and viability.

  • CFA Institute is working as fast as they can with their testing partners to secure additional venues, and will provide a further update on their website in the week of November 9th.

    Your patience in these difficult times is greatly appreciated and we will provide further updates as soon as possible.

    For an update on the December 2020 exam administration and an overview of computer-based testing for 2021, please
    watch this video

For the most recent information, please refer to this page for December related CFA exam updates

You can also email CFA Institute at

CFA Institute will email updates regarding your exam location, so please ensure that your contact information is up to date on your CFA Institute profile. Test Center update details will be posted here as well, as they are determined and announced.

2021 Exam Dates:

Each exam will be offered in scheduling windows of up to ten days, depending on location. 

·         For Level I in February, May, August, and November  

·         For Level II in May and August  

·         For Level III in May and November

Exam administrations in 2022 will set the standard CFA exam cadence, and will be offered: 

·         For Level I in February, May, August, and November  

·         For Level II in February and August  

·         For Level III in May and November  


New enrollees pay an additional one-time USD 450.00 enrollment fee that is not reflected in the below registration fee.

Level 1 February Exam (Computer based): 

Scheduling Deadline - 22 November 2020
    Rescheduling Deadline - 25 January 2021

    CFA Exam Window - 23 Feb - 1 Mar 2021

Level 1, 2 and 3 May Exam (Computer based):

  • Standard Registration                                 USD 1000.00
         4 November 2020 - 23 February 2021
​Level 1
Scheduling Deadline - 10 March 2021

Rescheduling Deadline - 16 April 2021

May CFA Exam Window - 18 - 24 May 2021

Level 2
Scheduling Deadline - 10 March 2021

Rescheduling Deadline - 16 April 2021

May CFA Exam Window - 25 - 29 May 2021

Level 3
Scheduling Deadline - 10 March 2021

Rescheduling Deadline - 16 April 2021

May CFA Exam Window - 25 - 27 May 2021

Level 1 and 2 August Exam (Computer based):

  • Early Registration                                                 USD 700.00
          20 August 2020 - 2 February 2021

  • Standard Registration                                         USD 1000.00
         3 February 2021 - 4 May 2021

Level 1
Scheduling Deadline - 23 May 2021

Rescheduling Deadline - 22 July 2021

August  CFA Exam Window - 24 - 30 August 2021

Level 2
Scheduling Deadline - 23 May 2021

Rescheduling Deadline - 22 July 2021

May CFA Exam Window - 31 August - 2 September 2021

Level 1 and 3 November Exam (Computer based):

  • Early Registration                                               USD 700.00
         20 August 2020 - 4 May 2021

  • Standard Registration          

  •                                                                             USD 1000.00
          5 May 2021 - 10 August 2021

Level 1
Scheduling Deadline - 25 August 2021

Rescheduling Deadline - 14 October 2021

November CFA Exam Window - 16 -  22 November 2021

Level 3
Scheduling Deadline -25 August 2021

Rescheduling Deadline - 14 October 2021

November CFA Exam Window - 23 - 25 November 2021

Please Note:

CFA Program Refunds, Deferrals, and Withdrawals Policies Refund Policy:

A full refund of your enrolment and registration fees is available within three (3) days of payment (through 11:59 PM Eastern Time on the third day). Due to fluctuating exchange rates, CFA Institute cannot guarantee the exact amount paid to CFA Institute will be the amount returned in currency other than US currency. Thereafter, enrolment and registration fees are non-refundable, even in the event of a medical condition or other extreme circumstance. Enrolment and registration fees are non-transferrable. Payments for print curriculum orders are non-refundable once the order has been placed.

Deferral Policy:

Deferrals to the next available exam are considered on a case-by-case basis, and only in the event of one of the following, impacting the candidate or a member of his/her immediate family:

  • ·         life-threatening illness (candidate or immediate family member) in the exam window;
  • ·         death of a candidate's immediate family member;
  • ·         mandatory military service (candidate only) in the exam window;
  • ·         pregnancy (candidate only); or
  • ·         natural disaster or government travel restriction (candidate's local area) that prevents the candidate from attending the exam.

The candidate's immediate family is defined as only the candidate's parent, grandparent, sibling, spouse/domestic partner, or child. Deferral requests must be received by CFA Institute prior to or within 10 US business days after the exam window. Decisions on deferrals are final and are at the sole discretion of CFA Institute. Candidates awarded a deferral are responsible for all applicable new curriculum charges.

Withdrawal Policy:

CFA Institute offers a withdrawal option for all three levels of the CFA® exam. The withdrawal option is available on your CFA Program tile until 5 days before the exam date or beginning of your exam window. If you do not withdraw by the deadline, you will not be able to re-register for the next exam until results for the current exam have been released (approximately 60 days after the exam date).

Even after submitting your withdrawal form, you will be unable to register online until your withdrawal has been processed. Please allow up to 3 days for processing. Once processed, withdrawals cannot be reversed.

Steps to enrol

Step 1 - enrol on the CFA INSTITUTE SITE -

Step 2 - MAKE PAYMENT           

  • Payment is done via credit card or wire transfer. 
  • If you do not have a credit card – use the Wire-Transfer option, print out the invoice and go to your bank so they can do the Transfer.
  • Please note you can not do an EFT
  • If you have chosen wire transfer and you want to pay by Credit card you need and the other way around – you need to get in contact with the CFA Institute directly
    • You can phone them from a landline 00800 1247 8132
    • Or send them an email

You need to send them your proof of payment so they can allocate the payment to your CFA Number

Step 3 – BOOKS

  • As soon as the CFA Institute receives your payment – they will send you the CFA Curriculum eBook version.
  • You can order the hard copy Curriculums from the CFA Institute – please note – you will be liable for the custom tax and courier fees

 Entry Requirements


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      • Bachelor's (or equivalent degree) or be in the final year of your bachelor's degree program.
      • Candidates in their final year of a bachelor degree can take Level 1 exam.  They can only register for Level 2 after they provide confirmation that they've received their degree and passed Level 1


      • Have 4 years of qualified, professional work experience or a combination of work experience and education that totals at least four years.  Eligible professional experience for entrance to the program instead of a degree does not have to be investment related; part-time positions do not qualify.