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With the November 2026 FRM exam about to run, GARP’s next window is already on the calendar. Registration for the May 2027 FRM exam opens December 1, 2026, and the early-bird fee is the reason to act early.

FRM May 2027 — key dates & fees

Registering early saves $200 per part versus standard. First-time candidates also pay the one-time $400 enrollment fee with their Part I registration.

A reminder on logistics: the FRM exam is now delivered by PSI (and by ATA in Mainland China, Hong Kong SAR and Thailand) — not Pearson VUE. And only a specific set of calculators is allowed: the TI BA II Plus / BA II Plus Professional, the HP 12C family, and the HP 10BII / 10BII+ / 20B.

GARP has released the 2027 FRM exam calendar — and if you are eyeing the charter next year, the early-registration windows (and their lower fees) open soon. Here is the full 2027 schedule, the fees, and what November 2026 candidates still need to do.

FRM 2027 exam dates

•  May 2027 — Part I:  8–13 May 2027

•  May 2027 — Part II:  15–17 May 2027

•  August 2027 — Part I & Part II:  13–14 August 2027

•  November 2027 — Part I:  13–18 November 2027

•  November 2027 — Part II:  20–22 November 2027

2027 fees & registration windows

FRM pricing rewards early birds. Each exam part is USD 600 in early registration and USD 800 in standard registration. First-time Part I candidates also pay a one-time USD 400 enrollment fee.

•  May 2027 exam:  Early reg opens 1 Dec 2026 · Standard opens 1 Feb 2027

•  August 2027 exam:  Early reg opens 1 Mar 2027 · Standard opens 1 May 2027

•  November 2027 exam:  Early reg opens 1 May 2027 · Standard opens 1 Aug 2027

Sitting in November 2026? Read this

Standard registration for the November 2026 exam closed on 30 September 2026, and GARP is not offering a late window. If you are already registered, Part I runs 14–20 November and Part II runs 21–25 November 2026 — and the appointment scheduling deadline was 24 October 2026.

Practise FRM for free

Get exam-ready with free FRM practice questions — no signup — then explore the FRM course hub for the full syllabus, fees and career outlook.

Internal links to include in the body

→ Free FRM practice questions:  https://professionalcareerclub.com/free-questions/financial-risk-manager-frm

→ FRM course hub:  https://professionalcareerclub.com/course/financial-risk-manager-frm

Publishing notes

•      Tag each article to its course (ACCA / CPA / FRM) in the news form. That is what makes it appear automatically in the "Latest News" block on that course page — this is how it "flows through" the course pages.

•      Set status = published and leave the canonical blank (self-canonical) so each new URL is indexable.

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•      Add the two internal links in each body — they pass authority to the course + free-questions pages and keep users on-site.

•      Once all three are live, tell me — I will: (1) submit each new URL to Google Search Console + Bing, (2) confirm they appear in sitemap.xml, and (3) verify each shows in its course page latest-news module.

The deadline first. The October 2026 RAI exam window runs 3-11 October 2026, and standard registration closes on 30 September 2026. That is the same date as the FRM November registration deadline, so if you are considering both, they fall on the same day.

What it is. GARP, the body behind the FRM, runs a separate credential called the Risk and AI Certificate, or RAI. It is not part of the FRM and does not replace any part of it.

The format. A single exam of 80 multiple-choice questions with four hours to complete it. GARP offers it in April and October, with appointments allocated first come, first served. Registration includes six months of complimentary GARP individual membership.

What it covers. Five areas: AI and risk as an overview, tools and techniques, risks and risk factors, responsible and ethical AI, and data and AI model governance. The material includes case studies and practitioner videos rather than being purely theoretical.

The extras people miss. A retake is USD 350, available at that reduced price for the next exam window only. Paying by wire transfer or ACH adds a USD 50 processing fee to the invoice. Fees exclude VAT, GST and other local taxes, which are calculated at checkout based on your location. Credit card, Alipay, wire and ACH are all accepted.

How established is it. GARP reports around 14,000 candidates since launch and roughly 7,000 current certificate holders. That makes it young next to the FRM, but no longer experimental.

Is it worth it alongside the FRM? It depends what you are optimising for. If you are still working through Part I or Part II, finish those first: the FRM is the credential employers screen on, and splitting study time is a poor trade. If you already hold the FRM and work somewhere deploying AI models in credit, market or operational risk, the RAI covers governance ground the FRM does not, it is a short commitment, and holders pay the lowest fee band. If you are a student with no risk role yet, it will not substitute for the FRM.

Sources: GARP Risk and AI (RAI) certificate fees and dates pages (garp.org).

Standard registration for the FRM November 2026 exams closes on 30 September 2026.

The exam dates

•    Part I: 14 – 20 November 2026

•    Part II: 21 – 25 November 2026

Both parts share the same 30 September registration deadline.

What it costs

•    Exam fee: USD 800 per part

•    Enrolment fee for new candidates: USD 400, one-off, payable when you register for Part I

So a first-time candidate registering for Part I pays USD 1,200, not USD 800. That catches people out.

Two more things on payment. Fees shown by GARP exclude applicable taxes such as VAT and GST, which are added where they apply. And wire and ACH payments each carry a USD 50 processing fee, so card is cheaper unless you have a reason to avoid it.

If you are not ready

There is no late registration tier after 30 September for this window. Missing it means waiting for the next exam window rather than paying a surcharge.

Source: GARP, FRM fees and payments.

FRM 2026 Syllabus Update: What Changed from 2025

The Global Association of Risk Professionals (GARP) has finalized its curriculum updates for the FRM Exam 2026 cycle, applicable across all three exam windows — May, August, and November. As with most years, GARP kept Part I stable while concentrating change in Part II.

Part I: Minimal Change Out of 62 total chapters, none were added or removed. The only edits were wording-level revisions to two Quantitative Analysis topics: Hypothesis Testing (1 Learning Outcome Statement revised) and Stationary Time Series (5 LOS revised), with verbs expanded to emphasize calculation and application rather than pure conceptual recall. Candidates can safely begin with 2025 Part I materials, layering in a review of these two topics once updated books are available.

Part II: Substantial Revision Part II saw 12 new chapters added and 9 removed, with total required readings rising from 104 to 107. The heaviest overhaul hit Investment Risk, which added seven new chapters covering private market investing, hedge fund risk management, and distress-signal identification in alternative investments — while removing three older chapters, including two large ones with 8–10 LOS each. The Current Issues section, which GARP revises almost every year, was rebuilt to reflect AI in risk management, model validation, and systemic risk. Market, Credit, and Operational Risk saw only minor adjustments, and Liquidity & Treasury Risk remained largely stable. Illiquid Assets was also reassigned, moving into Book 5 (Risk Management and Investment Management).

Bottom line: Part I candidates can prep now with minimal risk of using outdated material. Part II candidates — especially those studying Investment Risk or Current Issues — should wait for or cross-check 2026-updated materials before relying on older prep books.

Sources:

• GARP, FRM Study Materials — garp.org/frm/study-materials
• Aswini Bajaj Classes, FRM 2026 Syllabus Changes: Part 1 & Part 2 Updates — aswinibajajclasses.com
• AnalystPrep, FRM Curriculum Changes 2025–2026 — analystprep.com/blog/frm-curriculum-changes-2025-2026
• SwiftIntellect, FRM 2025 vs 2026 Curriculum Updates — swiftintellect.com

Everything you need for the FRM November 2026 exams from GARP in one place: the exam dates for Part 1 and Part 2, the registration deadlines, the fees, and how to prepare. All dates and fees were cross-checked against GARP's published schedule.

FRM November 2026 exam dates

Registration deadlines and fees (per part, USD)

First-time candidates also pay a one-time USD 400 enrollment fee with their first Part 1 registration, and a deferral (if you need one) costs USD 250. Fees are per part and in US dollars; confirm the current amounts on GARP's site before you pay.

Can you still register for November 2026?

Yes. Standard registration is open until 30 September 2026 at USD 800 per part (early-bird pricing of USD 600 closed on 31 July). Once registered, the deadline to schedule your exam appointment is 24 October 2026.

How the FRM exam is structured

The FRM is a two-part, multiple-choice exam. Part 1 has 100 questions covering the foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part 2 has 80 questions covering market, credit, operational and integrated risk management, treasury and liquidity risk, and current financial-market issues. Your Part 2 result is only graded once you have passed Part 1.

Final-weeks prep plan

• Drill practice questions under timed conditions: the FRM rewards accuracy at speed across a wide syllabus.
• Prioritise the higher-weighted topics in each part rather than trying to master everything equally.
• Sit at least one full timed mock per part, then review every miss.
• Schedule your exam appointment before the 24 October deadline to secure your preferred date and centre.

You can sharpen up right now with free risk-and-finance practice questions on Professional Career Club, with instant feedback and no signup needed.

Dates and fees are shown as published by GARP and can change; confirm the details for your registration on garp.org before you pay.

GARP delivers the FRM exam through test-centre providers, and Pearson VUE is not one of them. On its FRM exam logistics page, GARP states that all other candidates must schedule through the provider PSI.

Which provider applies to you

• China Mainland, Hong Kong SAR China and Thailand: schedule via ATA.
• Everywhere else: schedule via PSI.

Why candidates get this wrong

Several other finance certifications do run through Pearson VUE, so candidates carrying over habits from another exam sometimes go looking for an FRM seat in the wrong system. The scheduling route that matters is the one GARP gives you after registration; going directly to a provider you assumed was correct is how people lose their preferred date.

Practical checklist

• Register with GARP first — scheduling opens through the provider only after registration.
• Confirm which provider covers your location before you start looking at dates.
• Book early. Seat availability at a given centre is finite, and Part I and Part II candidates compete for the same windows.
• Check ID and calculator rules on GARP's exam logistics page, not a provider's generic policy.

Source: GARP — FRM Exam Logistics, Test Dates & Locations