Verified against the CFA Institute dates and
fees tool on 17 September 2026.
Level III does not run four times in 2027. It runs twice -
February and August. Levels I and II have their own windows, and the deadlines
that close first are not the ones most candidates watch. Here is the whole 2027
calendar in one place.
The full CFA 2027 calendar
|
Level |
Window |
Exam dates |
Early registration deadline |
Registration closes |
|
I |
February
2027 |
22-28
February 2027 |
7 July
2026 (closed) |
5
November 2026 |
|
I |
May
2027 |
11-17
May 2027 |
14
October 2026 |
10
February 2027 |
|
I |
August
2027 |
15-22
August 2027 |
20
January 2027 |
29
April 2027 |
|
I |
November
2027 |
13-19
November 2027 |
Not yet
open |
Not yet
open |
|
II |
May
2027 |
18-22
May 2027 |
14
October 2026 |
10
February 2027 |
|
II |
August
2027 |
23-27
August 2027 |
20
January 2027 |
29
April 2027 |
|
II |
November
2027 |
20-24
November 2027 |
Not yet
open |
Not yet
open |
|
III |
February
2027 |
18-21
February 2027 |
7 July
2026 (closed) |
5
November 2026 |
|
III |
August
2027 |
11-14
August 2027 |
20
January 2027 |
29
April 2027 |
Level
III is offered in February and August only. Level II is not offered in
February. Level I runs in all four windows.
Deadlines that are live right now
As of 17 September 2026, these are the next four dates on
the board:
|
Deadline |
What it is |
|
26
September 2026 |
Invoice
payment deadline - Level III, February 2027 |
|
14
October 2026 |
Early
registration deadline - Levels I and II, May 2027 |
|
5
November 2026 |
Registration
closes - Levels I and III, February 2027 |
|
10
November 2026 |
Scheduling
deadline - Level III, February 2027 |
Level III in full
Level III carries more milestones than the other levels, and
the invoice payment deadline catches people out because it sits months before
registration actually closes.
|
Level III milestone |
February 2027 sitting |
August 2027 sitting |
|
Registration
and scheduling opens |
5 May
2026 |
3
November 2026 |
|
Early
registration deadline |
7 July
2026 |
20
January 2027 |
|
Invoice
payment deadline |
26
September 2026 |
20
March 2027 |
|
Registration
closes |
5
November 2026 |
29
April 2027 |
|
Scheduling
deadline |
10
November 2026 |
6 May
2027 |
|
Disability
accommodations request |
11
November 2026 |
5 May
2027 |
|
Rescheduling
deadline |
7
February 2027 |
30 July
2027 |
|
Exam
dates |
18-21
February 2027 |
11-14
August 2027 |
Fees
For both Level III 2027 sittings, CFA Institute lists an
early registration fee of USD 1,240 and a standard registration fee of USD
1,590. Fees exclude local taxes, which are added at payment. Rescheduling an
exam costs USD 250.
Fees differ by level and by window, so check the figure for
your own sitting before you budget.
What is not open yet
The November 2027 sittings for Levels I and II have
published exam dates but no registration window yet. CFA Institute has not
opened registration or announced the early deadline for either.
Source: CFA Institute, CFA Program dates and fees
(cfainstitute.org/programs/cfa-program/dates-fees), read 17 September 2026. All
registration windows open 9:00 AM ET; all deadlines are 11:59 PM ET. We
re-check this page against CFA Institute before every exam window.
- CTP — CTP early application deadline 23 Sep 2026
- CFA — CFA February 2027 invoice payment deadline 26 Sep 2026
- FRM — FRM November 2026 standard registration closes 30 Sep 2026
- CFA — CFA May 2027 early registration closes 14 Oct 2026
- CTP — CTP final application deadline 28 Oct 2026
- ACCA — ACCA December 2026 standard entry closes 2 Nov 2026
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