After you are successful FRM exam registration, you must have chosen a date and an exam center for writing your exam. If for some reason you don’t/can’t write the FRM exam on the designated date and wish to write your exam in the next period, GARP’s FRM Exam deferral policy gives you a provision to do so.
FRM Exam deferral policy:
An FRM candidate may only defer their exam registration once to the next examination date.
The first step would to apply for exam deferral. The last date for the exam deferral is the last day for the registration of exam according to the GARP calendar. Which is, 15th of April for the May exam and 15th of October for November exam.
A processing fee of USD 100 must be paid at the time of the FRM Exam deferral application, using a credit card.
After successful deferral application. If you change your mind again and want to take the exam on time. You can do so by paying another USD 100 as a processing fee.
As a deferred FRM Candidate, you will automatically be re-enrolled in the next cycle. If you decide not to attend the next exam, you will forfeit all exam fees and have to re-register as a new candidate.
Note: Any study materials you purchased for this year's exam may not all be applicable for next year's exam since the Study Guide and suggested readings will change from year to year.
Note: An additional administrative processing fee of $50 may apply, at management's discretion.
Usage of the FRM Exam deferral:
You can use the FRM exam deferral policy for deferring your exam, but then make the decision wisely, if you are worried that your preparation is not up to the mark. Join a FRM prep review course.
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