The pipeline of certified financial talent in Asia will face disruptions as the CFA is forced to cancel upcoming examinations due to pandemic restrictions and lacking personnel, especially in the south and southeast region.
The CFA Institute will cancel its upcoming exams in various locations worldwide due to concerns about safety from the virus, capacity due to social distancing requirements and related logistics.
Within Asia, India was the most affected host country with exam cancellations across 11 cities including Mumbai, New Dehli and Kolkata. Other cancellations in the region include Manilla in the Philippines and major financial hub Singapore.
«There will be no exceptions and we cannot make special accommodations of any kind,» CFA said in a statement.
See You in 2021
For affected participants seeking to enter the sector or boost their career, they will have to wait another year before having their financial knowledge certified.
On concerns about capacity issues in 2021, CFA said that it will cope with the additional 2020 backlog by offering computer-based exams as well as smaller, more convenient settings to expand the number of participants.
«Please stay abreast of government and health advisories in your test area,» it added. «CFA Institute will adhere to the guidance of local governments. We plan to hold exams in any location where we can meet the applicable public health and safety requirements.»
