A:

According to the CFA Institute, a CFA Level 1 candidate can withdraw from his or her current CFA examination (no later than one day before the exam) and re-register for the next CFA examination - once his or her withdrawal form has been processed - by submitting a new enrollment form.

Since it will take 7-14 days to process your withdrawal form, the CFA Institute indicates that you can shorten the time to re-enroll in an exam by sending both your withdrawal form and your re-enrollment form and fee payment at the same time. (Both in paper format.)

Click here to access CFA withdrawal and registration forms.

You will not be refunded your original fees paid; however, you will only be required to pay the enrollment fee for your newly scheduled examination.

Note that if you miss your exam or do not properly withdraw from the examination, you cannot re-register for the next CFA Level 1 examination until results for the exam not written are released. Since the first registration deadline for the CFA Level 1 examinations is typically six months in advance and results for the missed examination will not be released for approximately two months, you could end up having to pay a high enrollment fee. For example, if your exam was scheduled in June and you did not withdraw officially, you would have to wait until the end of July before you could register for the next exam, which would be in December. Since the first registration deadline for the December examination is usually in March, you'd have to pay the fee required at the second registration deadline, which is usually in August.

RELATED FAQS
  1. I failed the Series 6 exam. How long must I wait before I can re-take it?

    If you fail your first attempt at the Series 6 exam, your sponsor can submit an amendment to reopen a window in which you ... Read Answer >>
  2. How do you withdraw money from your 401(k)?

    Deciding to take a withdraw from your 401k is not a decision that should be made lightly. However, for those who needs funds, ... Read Answer >>
  3. How many attempts at each CFA exam is a candidate permitted?

    The CFA Institute allows an individual an unlimited amount of attempts at each examination.Although you can attempt the examination ... Read Answer >>
  4. I failed the Series 7 exam. How long must I wait before I can take it again?

    If you fail your first attempt at the Series 7 exam, your sponsor can submit an amendment to reopen a window in which you ... Read Answer >>
  5. How many people fail the series 63 exam every year?

    How many stock brokers failed the Series 63 exam before they passed successfully? Here is what you need to know before taking ... Read Answer >>
  6. Can you make tax-free withdrawals from your 401(k)?

    Find out whether you can take withdrawals from your 401(k) tax-free, including how withdrawals from Roth and traditional ... Read Answer >>
Related Articles
  1. Investing

    How to Ace the CFA Level I Exam

    Prepare to ace the CFA Level 1 exam by studying systematically.
  2. Personal Finance

    Pass Your CFA Exams on the First Try

    Become one of the elite who pass these exams by using these simple study methods.
  3. Managing Wealth

    Introduction To The Series 65 Exam

    The Series 65 is required in many states in order to be a fee-based advisor. Find out what it is and whether you need it.
  4. Financial Advisor

    How Hard are the CFA Exams?

    Learn about the difficulty of the CFA exams with a description of the tests, some statistics on pass rates and suggestions that can help you pass the exams.
  5. Retirement

    Your 401(k): Not the Best Emergency Fund

    If you have an emergency and need to access your retirement funds, you may have to pay a penalty if you dip into your 401(k). But there is a better option.
  6. Retirement

    What’s the Best Retirement Drawdown Strategy?

    Retiring soon? The challenge now is to figure out how to make your nest egg last for the rest of your life.
  7. Financial Advisor

    CFA Vs. Series 7: Which is Easier

    Find out which is exam is easier: The Chartered Financial Analyst (CFA) exam, or the Series 7 securities exam for registered representatives.
  8. Professionals

    Series 6 Exam Prep: What Is A Security?

    Before you take the series 6, you need to understand what a security is as defined by the exam.
  9. Professionals

    Tips on Passing the CFA Level I on Your First Attempt

    Obtain valuable tips and helpful study instructions that can help you pass the Level 1 Chartered Financial Analyst exam on your first attempt.
  10. Investing

    What is the Series 66?

    The Series 66 exam is one of two tests required to register as both a securities agent and an investment advisor.
RELATED TERMS
  1. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
  2. Series 24

    A securities license entitling the holder to supervise and manage ...
  3. Series 65

    A securities license required by most U.S. states for individuals ...
  4. SEC Form AW

    A filing with the Securities and Exchange Commission (SEC) that ...
  5. Dynamic Updating

    A method of determining how much to withdraw from retirement ...
  6. Withdrawal

    Removing funds from an account, plan, pension or trust. In some ...
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center