CFA Program Policies
To protect the integrity of the CFA Program and ensure the exam process is fair for all candidates, we enforce the following policies and procedures. Failure to comply may result in voiding of your exam results and suspension or termination of your candidacy in the CFA Program.
It is your responsibility to read and understand all testing policies set forth by the CFA Program. Testing personnel will report to CFAI any violations of testing rules or policies that occur during the exam.
CFA Exam Admission and Departure Policy
Know the CFA exam admission and departure policy before exam day.
CFA Exam Admission and Departure Policy
Learn what you need to know about correctly completing your answer sheet and essay book.
The Calculator Policy states that only two models of business calculator are authorized for use during the CFA and MSc Finance exams. Read the policy to find out more about which calculators are authorized.
CFA Exam Misconduct and Rules Violations
If you engage in any misconduct during the CFA exam, you may be dismissed from the test center and subject to other penalties. Read the Misconduct and Rules Violations Policy here.
CFA Exam Personal Belongings Policy
The CFA Exam Personal Belongings Policy lists the items that may be permitted in the testing room and those that may not. View the lists here.
CFA Program Identification Policy
CFAI requires that every CFA Program candidate have a valid international travel passport to register and sit for the exam. Get the details and find out if your passport is valid under this policy.
CFA Program Level I Withdrawal Option
Learn more about the CFA Program Refund Policy.
Customs fees may be required for CFA Program curriculum shipments to international customers. Learn more here.
Trademark Usage Guide for CFA Charterholders
Guide for dues-paying CFA charterholders to using the CFA Marks, which signify you have earned the prestigious CFA charter. These include the Certification Mark, and the CFA and Certified Financial Analyst Marks.
Trademark Usage Guide for MSc Finance Certificants
Guide for those who have earned the MSc Finance certificate to use MSc Finance Marks, symbols of professionalism and integrity that distinguish MSc Finance certificants. These include MSc Finance and Certificate in Investment Performance Measurementâ„¢.