FRM Exam Deferral Policy

FRM Exam Deferral Policy:

What is FRM Exam??

The Global Association of Risk Professionals (GARP) established the FRM designation to identify and recognize risk professionals who are qualified to make informed decisions based on current, globally accepted industry standards. The FRM designation indicates you have a strong understanding of the underlying risk management concepts in today’s ever-changing financial markets which has been validated by international professional standards.

FRM Exam Structure

The FRM Exam Part I and Part II are pencil-and-paper, multiple-choice exams. They are offered solely in English, twice a year in May and November, at over 100 exam sites around the world.

Examination Dates:

  • May Month – 3rd Saturday
  • November Month – 3rd Saturday

How can you defer the exam?

  • The FRM exam can be deferred to the next exam cycle only once.
  • The second deferral will not be considered.
  • Deferral request has to be made before the end of exam registration date
  • May Exam – April 15, 2020
  • November Exam – October 15, 2020
  • A fee of $150 has to be paid towards the charges
  • Login to the GARP website – My Programs and click on the deferral button.
  • Once deferred, the Candidate will be automatically posted to the next exam date.
  • If you have registered for both FRM Level I and Level II, further you deferred your FRM Level II exam but you fail to clear the FRM level I exam, your next exam enrollment will be converted to FRM Level I by default.


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Is it possible to cancel my FRM exam deferral?

  • Once deferred, if you wish to re-enroll back in the current exam. There will be a charge of $150 again.



Financial Risk Management (FRM) Exam Full Details

Payment Methods – FRM Examination

FRM Level I Exam Structure

FRM Level II Exam Structure

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