The Certified Financial Planner Board of Standards has postponed the July 2020 CFP Certification Exam to Sept. 22-29, due to the coronavirus.
Those already registered for the July 2020 exam will be notified by this month about how to reschedule testing appointments for September or Nov. 3-10.
“The health and safety of our exam candidates has been paramount to us as we’ve monitored the COVID-19 pandemic and considered its impact on the CFP exam,” according to CFP Board CEO Kevin Keller.
“CFP Board did not make this decision lightly. We recognize the months of preparation many candidates put into preparing for the exam, and we appreciate their ongoing dedication and perseverance,” Keller added.
Registration for the September exam is open to all eligible candidates, and discounted early registration is available through July 28. The exam’s final registration deadline is Sept. 8.
The CFP Board noted that exam administrations will continue as planned “only if they can be conducted without compromising the health of exam candidates,” it said in a statement Monday.
There were about 2,600 registrants for the March CFP exam, with roughly 1,630 passing it — for a pass rate of 63%.
More details about the postponed exam process are outlined in its FAQ. According to the group, some 86,000 individuals in the U.S. are CFPs.
— Check out FINRA Extends Exam Window, Annual Report Filing on ThinkAdvisor.