CFA Institute will postpone the administration of its global CFA Program Exam originally scheduled for June.
The unprecedented decision is due to the ongoing COVID-19 pandemic, the investment management professional association said in a news release Thursday.
Those candidates registered for the June exam will be transferred to one of the next two administrations, with dates yet to be determined by the CFA Institute and its global partners, according to the news release.
"We cannot overstate the profound effects that coronavirus is having on families, communities, businesses, the financial markets and the global economy," said Margaret Franklin, president and CEO, in the news release. "As the pandemic continues to intensify, with no certainty of when it will abate, we have made this decision with a heavy heart while knowing that it is in the best interest of all of our stakeholders."
As of March 12, more than 245,000 global candidates were registered to take the exam in June in test centers across 193 cities in 95 different countries, the release said.